What is Long-Term Care Insurance?
Simply put, LTC insurance (LTCi) is an insurance product that covers long-term care services that are usually outside the scope of regular health insurance. By paying an annual premium, you have access to a pool of funds much larger than the premium paid that you can later use to pay for costly long-term care expenses. Without LTCi coverage, you’re at risk of serious financial distress if you elect to pay for care out of your savings or retirement assets.
Using Long Term Care Benefits
Majority of long-term care is involved with providing assistance when it comes to simple day-to-day tasks such as bathing, eating, transferring from a bed to a chair or going to the bathroom. This is referred to as custodial or non-skilled care and can be administered by paid caregivers.
Furthermore, Long Term Care Insurance can also pay for skilled care if you’re rehabilitating from an injury or illness. This can be provided within the home or in a nursing home facility.
Care can be administered in different settings and long-term care insurance can cover each type of facility. These arrangements are:
We provide both Traditional Long Term Care Insurance Plans and Asset Based Plans.
Traditional LTCi Plans - Provide the most LTC benefits for your premium. Prices are subject to change and no benefits are return if unused.
Asset Based LTCi - Provide sufficient LTC benefits and will pay in the form of LTCi benefits to the insured or to a beneficiary for any unused portion of benefits.
We represent the majority of the top LTCi carriers and have been recognized both in 2013 and 2014 for the work that we have done with our clients surrounding LTCi by DBS Financial Group in South Florida.
Furthermore, Long Term Care Insurance can also pay for skilled care if you’re rehabilitating from an injury or illness. This can be provided within the home or in a nursing home facility.
Care can be administered in different settings and long-term care insurance can cover each type of facility. These arrangements are:
- In-home care
- Nursing home
- Adult day care
- Assisted living
- Elder care communities
We provide both Traditional Long Term Care Insurance Plans and Asset Based Plans.
Traditional LTCi Plans - Provide the most LTC benefits for your premium. Prices are subject to change and no benefits are return if unused.
Asset Based LTCi - Provide sufficient LTC benefits and will pay in the form of LTCi benefits to the insured or to a beneficiary for any unused portion of benefits.
We represent the majority of the top LTCi carriers and have been recognized both in 2013 and 2014 for the work that we have done with our clients surrounding LTCi by DBS Financial Group in South Florida.
4611 S. University Dr.
Suite 475
Davie, FL 33328
(954) 290-5142
Suite 475
Davie, FL 33328
(954) 290-5142