Unlike standard health insurance, a long term care insurance plan is designed to cover long-term service and support. Long term plans help you with the expense of personal and custodial care. Often that care is managed in a variety of settings and locations such as your home, a community organization, or other facility.
LTC policies reimburse policyholders a daily stipend, with a predetermined limit, for services to assist them with the activities of daily living; such as bathing, dressing, or eating. You can select a range of care options and benefits that allow you to get the services you need, where you need them.
Your regular health insurance won’t cover long-term care. Medicare won’t come to bail you out either, it will only cover short nursing home stays or limited amounts of home health care, when skilled nursing or rehab is required. It does not pay for custodial care to help with day-to-day tasks.
Without insurance to cover long-term care, you’ll have to cover those costs yourself. You may get some help through Medicaid, but not until you’ve exhausted most of your savings. A good policy should help protect your savings, and given you more choices for comfortable care when it’s needed. Find a good policy, the right policy, is difficult without professional help.
RVer Insurance Exchange is here to help you sort through your options, and select the best long term care insurance plan to fit your specific needs. Planning ahead means you can enjoy your RVing time on the road without worry about what if? Having a plan for you our your loved one’s long term care is an important step towards the full time freedom you are looking for.