Long Term Care Insurance FAQs
Won't the Federal Government Pay for My Long Term Care?
What is the Cost of Waiting to Purchase Long Term Care Insurance?
What is the Cost of Care?
Although while many people think the federal government pays for long term care expenses nationally, over 25 percent of all nursing home expenses are paid out-of-pocket by individuals and their families. Neither Medicare, Medicare Supplement Insurance, nor the major medical health insurance provided by employers is designed to pay for long term care expenses. |
If you are thinking of waiting to purchase long term care insurance coverage, consider the impact of waiting:
Increases the risk of being ineligible for insurance
Decreases the overall time you have long term care insurance coverage
Can increase the overall cost of coverage because premium rates increase with age
Waiting delays covering your long term care risk and can cost you money. |
The cost for nursing home private room care varies by state. To learn more, click here. |
The information on this site describes benefits available through this insurance program and is intended to provide a brief overview of the coverage. In the event of any conflict or inconsistency between the information on this site and the information contained in the underlying plan documents, the plan documents will in all respects control and govern. If any provision is not explained or only partially explained, your rights will always be determined under the provisions of the underlying plan documents. Insurance coverage and availability may differ by state.
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