Long-Term Care Insurance

Long-term care insurance is designed to help cover the costs of some services that assist individuals with chronic illnesses, disabilities or other conditions that require ongoing care. This type of insurance is essential for protecting your assets and ensuring you receive the care you need without depleting your savings. 

What Does Long-term Care Insurance Cover?

Long-term care insurance may provide coverage for various services that help individuals perform everyday activities and maintain their quality of life. Depending on the plan’s rules, these services may be provided at home, in assisted living facilities, nursing homes or adult day care centers. 

Long-term care insurance may help cover the following: 

• Personal care
• Skilled nursing care
• Home health care
• Assisted living
• Adult day care
• Respite care

Long-term care insurance policies can vary, so it is important to review the specific services and coverage options offered by different insurers. 

How Much Does Long-term Care Insurance Cost?

The cost of long-term care insurance depends on several factors, including the policyholder’s age, health and the level of coverage selected. Premiums are generally lower for individuals who purchase a policy at a younger age. Waiting until later in life can result in significantly higher premiums. Healthier individuals typically qualify for lower premiums, while those with preexisting conditions may face higher costs or difficulty obtaining coverage.

The cost of the policy is influenced by the daily or monthly benefit amount, the benefit period (how long benefits will be paid) and the elimination period (waiting period before benefits begin).

Contact Us

Contact Vanmar Insurance in Yakima, Washington, for personalized long-term care insurance quotes.