Long-Term Care Insurance

Long-term care insurance (LTC) covers care that is generally not covered by health insurance, Medicare, or Medicaid. You may need long term care services if you have an illness or injury and you're not able to perform one or more activities of daily living at home such as dressing, bathing, preparing meals, etc. Long-term care insurance helps pay for the care you need when you can no longer care for yourself. It can protect your family's financial future and your own investments and savings.

Many people are under the impression that Medicare, Medicaid, or their health insurance pays their long term care costs. But that is not the case.

• Medicare has eligibility requirements for skilled nursing care only and is for a limited time period. Medicare pays 100% of long term care for 20 days and all but $95.00 per day for the next 80 days. After that nothing.
• Medicaid is a welfare program. It will NOT cover long term health care costs for the average American. And, it requires that you have less than $1,500 in resources. (If you have more than that you must spend it until you are essentially broke.)
• Health insurance and medical supplements DO NOT cover nursing home care.
• Individuals and families through their savings, assets, and cash pay most of the long-term care costs.

Don’t let long-term care expenses drain your family’s savings. Call Kittelson Insurance Agency today. We can help you prepare for your future.