Florida Seniors’ Guide to Long-Term Care Insurance

1. What is Long-Term Care Insurance (LTC)?

Whether due to illness, injury, or aging, we will need help with our daily tasks at some point in life.

Long-Term Care Insurance is specifically designed to meet this need. Let’s take a closer look at the benefits and essence of Long-Term Care Insurance (LTCI) for ourselves and our elderly loved ones.

Definition and Basics

Long-Term Care Insurance (LTCI) is a specialized product designed to cover costs related to long-term care, which are often not covered by traditional health insurance. It may include assistance with non-medical activities such as bathing, dressing up, eating, or transferring from bed to chair.

Medicare or health insurance may cover hospitalizations or doctor’s appointments, but they might not cover ongoing assistance, especially if it isn’t medically necessary. LTCI can help seniors get the care they require without draining their savings.

What is the difference between regular health insurance and long-term care insurance?

As we age, it’s easy for us to assume our health insurance and government programs will continue to cover our needs. There’s a distinct difference between these options and LTCI.

• Regular health insurance: Covers medical services such as doctor visits, hospitalization, medication, surgery, and sometimes rehabilitation. The focus is on recovery and medical needs.
• Medicare is limited in scope and duration: It does cover some skilled nursing or home health care. Medicare will not cover personal caregiving services that continue over time.
• Long-Term Care Insurance: This insurance is designed to meet the non-medical requirements of people with chronic illnesses or disabilities. It can include assistance with daily activities, and services may be provided in a variety of settings, including at home or assisted living facilities.

LTCI is a form of health insurance that covers medical expenses but also provides support and care to help you with daily living activities, should you need it. This is important because, as we age and become more frail, daily activities can become more difficult. Insurance that addresses these challenges is a game-changer.

This post was written by a professional at E Policy Review. At E Policy Review, we’re your dedicated insurance experts serving all of Florida. With a passion for protecting what matters most, we specialize in a wide range of insurance solutions, including; Employee Benefits, Disability Insurance, Life Insurance, Individual Health Insurance, Annuities, and long term care insurance companies in Florida. When you choose E Policy Review, you’re choosing expertise, dedication, and personalized service. Our team of experienced professionals is committed to finding the right insurance solutions for you, your family, or your business. Contact us today to discuss your insurance needs and discover how E Policy Review can provide you with the protection and peace of mind you deserve.