Best Long Term Health Insurance
The overall cost of new long-term-care coverage has jumped roughly 9% over the past year, according to the American Association for Long-Term Care Insurance, a trade group. A married couple both
Long-term care insurance is underwritten by Mutual of Omaha Insurance Company, 3300 Mutual of Omaha Plaza, Omaha, NE, 68175 1-800-775-6000. Policy form: ICC13-LTC13. This policy has exclusions, limitations and reductions and terms under which the policy may be continued in force or discontinued.
Some of the insurance carriers listed below will also sell short-term policies, but the goal of this list is to provide you with the best long-term insurance companies out there. Another important note on our list is everyone is different, meaning each person has different needs.
For many retirees, long-term care insurance makes sense as a way to safeguard against the high potential costs of nursing homes, assisted living, and in-home health services.
For years, long-term care insurance entailed paying an annual premium in return for financial assistance if you ever needed help with day-to-day activities such as bathing, dressing and eating meals. Typical terms today include a daily benefit of $160 for nursing home coverage, a waiting period of
Long-term care insurance can help make up the gap in coverage by paying for things such as assisted living facility and nursing home care, hospice care and adult day care. It can also help pay for the cost of home health care and in-home skilled nursing care.