As the baby-boomer population grows exponentially, the availability of long-term care insurance has grown in popularity. When you pay for your long-term care you won’t have any surprises that lead to dismay and confusion when you reach the age at which you need assistance—be it at home or in an assisted living facility. When you pay for a long-term care policy, you can enjoy peace of mind and lose the level of stress that comes with not knowing where to go in the event you need to make a quick decision.
It’s thought that the best time to buy long-term care insurance is when you are in your 50s. Rates tend to increase by nearly 10 percent once you reach your 60’s. The following are some additional tips to consider when you are searching for a long-term care insurance policy:
- Design your own policy depending on whether or not you want to be in a nursing home, assisted living facility, or in your own home.
- Ask about exactly what your long-term insurance covers. For example, are hospitalizations or hospice care covered?
- Find out what the exact levels of reimbursement are per day and for covered charges.
- Research the nursing homes and assisted living places in your location of choice and find out if they are covered under your long-term care policy.
Contact us to find out more about our policies available for long-term care. We serve customers located throughout the Tampa Bay area. If you need any kind of insurance in Brandon or any of the Tampa Bay area, contact All Star Insurance at 813-689-7767.