What You Need to Know Before Buying Long-Term Care Insurance

What You Need to Know Before Buying Long-Term Care Insurance
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Mike Valles
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At some point, providing care for a senior will go beyond what family members can provide at home. They may need care in an assisted living situation, a nursing home, an adult day care, or a hospice. Care can assist with getting dressed, eating, bathing, and daily living.

Medicare does not pay for long-term care. USBank says Medicare will cover skilled care for up to 100 days in a nursing home when you are recuperating—usually after staying in a hospital. Before buying long-term care insurance (LTCI), there are some things you need to know to be able to make wise decisions.

The Choices You Must Make When Buying

When you buy a long-term care insurance policy, you need to make several decisions about the type of care you want and the payout details. Each decision affects the cost of the premiums and the kind of benefits you will receive.
Mike Valles
Mike Valles
Author
Mike Valles has been a freelance writer for many years and focuses on personal finance articles. He writes articles and blog posts for companies and lenders of all sizes and seeks to provide quality information that is up-to-date and easy to understand.
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