“We can help you determine the best mix of coverage, value, and price that will meet your specific needs.”
Long Term Care Insurance
Long term care insurance provides coverage for services not covered by typical health Insurance Portland residents may have. This type of insurance can help pay for long term care that may be needed during later years of life such as nursing care, and medical care for people with diabetes or chronic, long-lasting illnesses. Long Term care insurance ensures that you can make your own choices about what long-term care services you receive and where you receive them.
Ordinary Health Insurance Won’t Cover It
People are living longer and longer, which is great news, however there is an increased need for long term care during the later years of life when health risks increase. The medical costs, assisted living expenses and ongoing nursing care can easily exhaust your remaining life’s savings. Long term is not covered by Medicare or traditional health insurance Portland policies. Medicare will only pay for long term care if most of your life savings and assets have already been spent.
Your long term insurance will cover the costs of:
- Care in a nursing home
- Visiting nurses
- Community programs like adult day care
- In home care such as cooking, cleaning and bathing
- Assisted living services provided in a residential setting other than your home
When considering long term insurance Portland residents should plan to add this coverage when they are middle aged. Waiting until you are in your 70s and 80s will make you too great a risk to insurance providers and premiums will be too high. Some long-term care policies even have built in age restrictions. Buying a policy during middle age will ensure that you receive lower premiums and that you qualify for your plan of choice.