Experienced Insurance Broker Discusses Nursing Homes and Long Term Care Insurance
As an experienced certified Insurance Broker, I get asked will an individual be able to stay out of a nursing home if they buy long term care insurance. It’s been said that long term care insurance may be the only thing keeping you out of a nursing home. By that I mean that if you are relying on Medicaid or the government to pay for your long term care benefits, the only setting they pay benefits in for long term care is in a nursing home.
Ideally, a long term care insurance would have comprehensive benefits that pays regardless of the setting, whether it’s in a nursing home, an assisted living facility, an adult day care facility, or at home.
Can you stay out of a nursing home if you buy long term care insurance? Contact our experienced Insurance Brokers for advice.