Home Heatlh Services & Long-Term Care Insurance in Longview, TX
Comfort Keepers of Longview, TX can help you determine if purchasing long-term care insurance before the need for home health services is a good solution
Comfort Keepers can help you stay involved in your loved one’s care by providing highly personalized home health services that can allow you to look after them without worrying about activities of daily living. Even if you live far away and cannot see your loved one as often as you would like, Comfort Keepers of Longview, TX can offer interactive care and companionship that aims to include seniors in their care through participation in enjoyable activities.
While home care comes with a myriad of benefits, the cost of home care may intimidate you. This is why it is important to know that you can consider various payment options, such as long-term care insurance. The impact of home health services on your family’s finances can be frightening. It can deplete your loved one’s lifetime savings and lower their standard of living. Long-term care insurance can help ease these concerns. While coverage for long-term care insurance can be costly, it can still be a financially smarter decision than paying out of pocket for care. Plus, there are several ways to make this type of insurance more affordable.
To begin with, keep in mind that premiums can increase over time. To prevent this from happening, choose policies that include inflation protection. This option can limit the rate at which the premium increases due to inflation. Also, it is important to consider that premiums increase with the age of the purchaser – they grow higher the older your loved one gets. This means that your loved one might want to consider purchasing insurance before they actually need care.
Some policies have an elimination period, too. During this period, the covered individual will have to pay for care, waiting for the benefits to become available. On the other hand, the longer the waiting time, the lower the premium. This can help your loved one save quite a lot of money. Long-term insurance is a serious financial investment, so you might want to talk to a financial advisor before making a final decision.
If you would like to learn more about long-term care insurance and paying for senior care services, please feel free to contact our Comfort Keepers office in Longview, TX.