LONG TERM CARE PLANS
Like disability, long-term care insurance pays a monthly tax-free benefit after a waiting period of anywhere between 30 days and 180 days. In order to qualify, you must be unable to perform two or more of the following daily living activities: bathing, dressing, toileting, transferring, continence, and eating.
Did you know that...
- 25% of elderly caregivers are also seniors?
- 57% of caregivers are employed?
- 78% of care receivers continue to live at home?*
As we age, our need for care changes. The cost of this care can be staggering and public healthcare plans only provide limited coverage, with subsidies being decreased over time.
Long-term care insurance covers the costs associated with services such as:
- Nursing care
- At-home assistance
Contact MoneyValue for More Information