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What LTC Isn’t
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Jul 24 2018
Corey Reick
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Long Term Care Insurance – What It Isn’t

Insurance companies view Long Term Care as a unique form of protection. And that means you should, too. Long Term Care applies to scenarios where the prognosis doesn’t call for a return to good functional health. It’s occasionally confused with two other types of insurance.

Long Term Care Isn’t Disability Income Insurance

Disability Income Insurance is designed to replace a portion of your income in the event of a claim during your working years. Generally, these replacement payments end when you turn 65. This isn’t the same as Long Term Care, though.

Long Term Care Health Insurance

Health insurance is activated when there’s an expectation of recovery and improvement and the person’s condition is treatable. The type of care utilized is categorized as skilled care and it’s delivered by someone highly trained—such as a physician or nurse.

What Long Term Care Is

Long Term Care Insurance is put in place so the necessary comforts and assistance will be available should your health change and exceed the reach of Health and Disability programs, and Long Term Care insurance can be structured so payments don’t end.

If you think there’s even a slight chance you, or someone you care about, may need Long Term Care in the future, reach out to me today. I’d be happy to walk you through the best options.

If you want to get your Long Term Care Planning right for you and your spouse, you must speak to Corey. His Phase I made sure I understood a fairly complex set of options – no pressure.
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