Vidor & Associates

Long Term Care

Understand your options - be confident in your choices

Baby Boomers be Prepared

Here's an eye-opening stat: at least 70% of people over 65 will need long term care services, most of which will not be covered by Medicare.To help cover potential long-term care expenses, more and more seniors choose to buy long term care insurance.

Long term care enables you to feel smart and confident about your future, helping to protect your family assets and your family’s well-being, providing choice, control and independence when you need care. Medicare will cover a short stay in a nursing home, or a limited amount of at-home care, but only under very strict conditions.

Unexpected Illness Happens

Employer-based health coverage or an individual or family health plan will not pay for daily, extended care services.  Medicaid pays for nearly half of all nursing home care, but you must meet federal poverty guidelines and may have to “spend down” most of your assets on health care.

We Help you understand Your Options

Policies offer many different coverage options. Depending on the policy options you select, long term care insurance can help you pay for the care you need, whether you live at home, or in an assisted living facility or nursing home.  The insurance might also pay for an adult day care, care coordination and other services.  Some policies will even help pay the costs associated with modifying your home so you can live in it safely.

Because there are many factors to consider, Vidor & Associates, working with Elder Law and Estate Planning support, can assist you with the pros and cons of purchasing long term care insurance.

Learn more about the security a long term care plan can bring you

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