Long Term Care Insurance

Current estimates project that 70% of our population will need some type of long term care in their lives. Because of the costs associated with LTC, more and more people are turning to long term care insurance plans to make sure they can afford the care they may need.

The three primary levels of long term care are: Skilled Nursing Facilities, Assisted Living Facilities, and Home Health Care. While most people would prefer a Home Health Care situation, it can become quite expensive if around-the-clock care is required. The next step of course is moving into a care facility. However, not all Cincinnati care facilities are created equal, and ultimately your budget will determine the quality of your care provider.

Many people assume that Medicare or their health insurance will cover the cost of long term care. This is not true. Only short term stays are covered by Medicare, and some health insurance plans won’t even pay for that. The only government agencies that carry the cost of LTC are Medicaid and the Veterans Administration. In both cases their standard of care is known for being below average.

Long term care insurance provides you and your family many more options when it comes to choosing your provider...including Home Health Care. The key is to buy long term care insurance before you need it. Premiums go up as you get older, so the earlier you enroll the less you will pay in the long run. Ideally, you would commit to long term care insurance before the age of 50.

If you are a Cincinnati resident looking to learn more about long term care insurance our staff would be happy to answer your questions. Kiner & Associates offers a full range of LTC insurance options for you and your family.

Call us today at 513-351-5707 to setup an appointment. We are conveniently located in the heart of Cincinnati near Xavier University.