Financing Home Care With Long Term Care Insurance in Shelton, CT
Some types of long term care insurance can be applied to Comfort Keepers Home Care services - learn if you're eligible
Comfort Keepers is the leading home care provider in the country, offering high-quality care services in Shelton, CT.
Working with us can allow you to pass off some of the day-to-day responsibilities that come with caregiving to our professional caregivers and focus on more enjoyable activities with your loved one.
If you are worried about financing our professional home care services, long term care insurance may be a viable solution for you.
We understand that home care can be expensive for many seniors. If your loved one hasn’t planned ahead, they could easily find themselves in a difficult financial situation when the time comes for them to seek expert assistance. Since the cost of care can continue to increase with age, insurance can be a good payment option.
Keep in mind that coverage for long-term care insurance can also be expensive. However, by opting for this kind of insurance, your loved one can receive the best care available without using their savings or personal assets.
There are many insurance options that can cover different types and amounts of care. Some policies cover specific types of in home care such as Alzheimer’s and dementia care while others are more general. To be safe, research what is covered and what is excluded in the policy of your choice.
Also bear in mind that long term care insurance policies usually have an elimination period, also known as waiting time. This means that a care insurance company won’t immediately begin covering the costs of care. Your loved one might have to pay for their care for several months before they can actually use benefits. This shouldn’t dissuade your loved one from getting care insurance, as the longer the waiting period, the lower the premium.
Your loved one should also be aware that the premium can increase due to inflation. Fortunately, they can protect their home budget by opting for a policy that offers inflation protection.
If you would like to learn more about long term care insurance, please feel free to contact our Comfort Keepers office in Shelton, CT.