Paying For Care Services With Long Term Care Insurance In Eugene, OR
Comfort Keepers of Eugene, OR, explains how you can use long term care insurance to pay for care.
Comfort Keepers offers a number of solutions for care at home that can enable your loved one to continue living independently for longer. If you decide to work with our team of caregivers, you can still take an active part in the care your loved one receives. You’ll just pass off time-consuming and demanding responsibilities to professional care providers, which can allow you to spend more quality time with your loved one.
You might be concerned with the cost of these services. You can reduce the negative financial consequences of senior care by considering long term care insurance. This financial option can cover the cost of care without your loved one having to resort to spending savings for services that can improve their quality of life.
Coverage for long term care insurance is expensive. As your loved one gets older, the cost of insurance can only grow higher. This may not be an ideal option, but it can still be more affordable than paying out of pocket for care.
To make sure your loved one makes the right decision, inform yourself about the type and amount of care certain policies cover. For instance, some policies cover several types of care at home, others are designed for specific kinds of care such as dementia care. Another important factor to consider is how much the premium will increase over time. If possible, it is always better to opt for insurance that includes inflation protection, just to make sure that your loved one will not be left with impossibly high premiums ten years from now.
Keep in mind that the younger and healthier your loved one is, the less expensive long-time care insurance coverage will be. Though costly, purchasing long term care insurance is still a better option than using savings to pay for care at home. Considering all these factors, the cost may not seem so bad after all.
For more information on long term care insurance and coverage for care services, please contact our Comfort Keepers office in Eugene, OR.