Long-term insurance care insurance coverage can help pay for home health care, nursing home costs, adult day care and other qualifying services. Benefits are paid tax-free after qualifying conditions are met.1 If you never need long-term care, your beneficiaries will receive your death benefit, tax-free.

Long term care insurance can help pay for:

  • Home health care
  • Nursing home costs
  • Assisted living facilities
  • Adult daycare
  • Home modifications (such as outdoor ramps or grab bars for bathrooms)
  • Care coordination

Do I need long term care insurance?

An estimated 70% of people over 65 need long-term care at some point in their lives. And contrary to what many people believe, health insurance won’t cover the cost of long-term care. Neither will Medicaid if you have more than $2,000 in assets. Medicare will cover some long-term care costs, but only up to 100 days. And only following a three-consecutive-day stay in a hospital, while undergoing treatment.

If you’re interested in long-term care, you may want to consider life insurance policies that let you purchase a long-term care rider at an additional cost. Learn More