Long - Term Care

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Long-Term Care (LTC) It is an insurance is coverage that provides nursing-home care, home-health care, and personal or adult daycare for individuals age 65 or older or with a chronic or disabling condition that needs constant supervision. A policies that provide coverage for not less than one year for diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services provided in a setting other than an acute care unit of a hospital, including policies that provide benefits for cognitive impairment or loss of functional capacity. The best age to get long-term care is between ages 50 and 65 which is the most cost-effective time to buy. The younger you are, the lower the cost but if you purchase too early, you will be paying premiums for a longer period of time. Long-term care (LTC) is a variety of services which help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods. This includes policies providing only nursing home care, home health care, community based care, or any combination. Long term care insurance can provide coverage if you become unable to care for yourself and need assistance to manage daily living activities. Long term care insurance can cover some of the costs of a care facility or a caregiver in your own home following an accident or illness. The policy does not include coverage provided under comprehensive/major medical policies, Medicare Advantage, or for accelerated heath benefit type products. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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