Long-Term care (LTC) insurance is important coverage that provides valuable support and financial resources that help cover the cost of Long Term care you might need in the event of an illness, accident, or through the normal effects of aging. By helping to protect your assets, and giving you choice and control over where you receive care-including in you home-LTC insurance helps you and your family face the future with confidence.
Long Term Care provides care in the home, assisted living, and in the nursing home.
Home Health Care: Costs can be staggering because the care has to provided in the home. Depending on the type of care needed, these costs can range anywhere from $50 - $300 a day.
Assisted Living: These costs are between $2,500 - $4,000 a month.
Nursing Home: Benefits range from 1 - 10 years and some companies may offer lifetime benefits. The cost of care in a nursing home today is between $6,000 - $9,000 per month depending on where the facility is located.
