What is Home Healthcare Insurance
Home Healthcare insurance is coverage that provides cash payments directly to you. The money is used to pay private medical providers to provide in-home medical services when you are sick. Instead of recovering in a hospital, you can recover at home.
Did you know the average cost of home healthcare services is between $45,000 to $95,000 per year for in home healthcare services? The average premium is as little as $300 per year. Some policies require no medical exams and only a few medical questions.
Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.
The Benefits of Long Term Care Insurance
Long-term care insurance generally covers home care, assisted living, adult daycare, respite care, hospice care, nursing home and Alzheimer's facilities. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed. It will pay for a visiting or live-in caregiver, companion, housekeeper, therapist or private duty nurse up to seven days a week, 24 hours a day (up to the policy benefit maximum).
Other benefits of long-term care insurance:
Contact us to learn more about the right long term care insurance for you.