Long Term Care Insurance in Charlotte, NC Can Cover Home Care Costs
Find help financing - many of our in home care services are covered by long term care insurance providers in the Charlotte area
Comfort Keepers is a leader in home care services in Charlotte, NC. Many seniors will struggle with certain daily living tasks as they age, yet they are not ready to give up their independence. With our help, seniors can receive the care and assistance they require right from the comfort of home.
For many families, paying for home care is a difficult decision. Especially if their senior family member has not financed for this predicament. Fortunately, many of our services are covered by long term care insurance. Although it can be expensive, this is often an optimal solution because care costs will continue to increase as your loved one ages, and it is not suggested to pay from their own personal savings or other assets.
We work with the following long term care insurance providers, and more:
- Bankers Life
- Mutual of Omaha
- New York Life
- Northwestern Mutual
- Dearborn National
- Penn Treaty
- John Hancock
- Pacific Life
Long term care insurance comes in many forms in terms of coverage. There are specific plans for which care is required, such as insurance for Alzheimer’s or dementia care. Other plans are more generalized. It is recommended to research what is covered and what is excluded in your chosen policy. Once these initial decisions are made your family will be relieved of much of their stress concerning finances, as the risk of financial ruin due to unforeseen health crisis will be eliminated once covered under insurance.
It is worth noting that long term insurance coverage will not take effect immediately. These policies usually have an elimination period or waiting time. Sometimes care costs need to be paid for a few months before benefits kick in, however longer wait periods come with lower premiums. You should be aware of premiums that fluctuate due to inflation. Consider opting for a policy that included inflation protection, so that your home care needs can be financed and planned for on a more consistent budget.