Long Term Care Insurance for Home Care
With all of today’s healthcare technologies, the chances of living past the age of 100 are higher than ever. Its time to get properly insured!
Many individuals are misinformed regarding the availability of government health care for senior citizens, and whether there is coverage for the cost of long-term care. In Ontario, long-term care is not covered by the public health care system.
In actuality, the government is not obliged to cover assisted living. Though support may be provided to families who are struggling, only a portion of the costs will be covered. This means that a significant portion of the costs associated with a long-term care have to be payed out of pocket by families.
What is long-term care insurance?
Long-term care insurance provides financial protection in the event that you become unable to care for yourself as a result of a chronic illness; disability; cognitive impairment, such as dementia; or other age-related conditions that make the performance of daily activities difficult without assistance.
Long-term care plans cover the costs of nursing homes and chronic care facilities, or the costs of a home care provider.
Two standard forms of long-term care insurance plans exist. The first offers reimbursements for expenses that fall under the eligibility requirements. The second form is an income style plan that offers a pre-determined monthly benefit amount.
Most plans include a waiting period before benefits become payable. Common waiting periods are between 30-90 days.
The life and health insurance industry works along with the public healthcare system by providing long-term care insurance for its citizens. Long-term care insurance is offered by many life and health insurance providers in Canada.
Contact us today to discuss the home care needs for you or a loved one in Greater Sudbury, or to book a free Nurse Consultation.
We proudly serve the following communities in and around Greater Sudbury:
Greater Sudbury, Whitefish, Chelmsford, Azilda, Lively, Copper Cliff, Espanola, Nairn Centre, Wahnapitae, Blezard Valley, Walden, Val Caron, Hanmer, Dowling, Flour Mill, Southend, Webbwood, Worthington, Naughton, Little Current, Donavan.
Contact Us Today to Speak with a Home Care Specialist!