BENEFIT PLANS FOR LONG TERM CARE
Planning for your future not only means planning for retirement. Are you prepared for the challenge of extended or long term care should the need arise? Planning now for the possibility of long term care ensures that the stress and burden of later care decisions are not left for loved ones to shoulder. Peoples First Insurance works with you to determine the best strategies and priorities for LTC coverage to protect you and your family and ensure good care is there when and if you need it.
Long term care refers to a wide array of medical care, personal assistance and social support services for individuals who are physically and mentally unable to care for themselves for a long period of time. Extended care may be needed after an accident, illness or due to advanced age. Unlike medical insurance or disability insurance, which cover a limited amount of recuperative time, a LTC policy will cover two years or more of care. In addition, disability insurance replaces only your salary at the time of an injury, not throughout the duration of your care. As a result, you will be responsible for paying for any ongoing LTC.
Medicare is also not a viable option to recoup the costs of long term care. This program only reimburses for a maximum of 100 days, with the average repayment lasting only 28 days.
Peoples First is happy to discuss possible or current Long Term Care needs that help you feel covered. Taking the time to share your unique needs now will help to eliminate unknown costs down the road.
For more information on our Long Term Care plans, call us today at 850.770.7047