Our Long-Term Care Insurance Solutions

In-Home Care Coverage

This policy supportsthe costs of professional care services provided in the comfort of your home, including nursing care, personal assistance, and necessary home modifications.

Adult Day Care Coverage

Provides financial assistance for services received at adult day care centers, offering support while allowing you to remain engaged in community activities.

Assisted Living Facility Coverage

Covers the expenses associated with residing in an assisted living facility, including accommodation, personal care, and various support services.

Nursing Home Coverage

Offers protection for the costs of nursing home care, including room and board, medical care, and daily living assistance.

Frequently Asked Questions

What types of care and services are covered under this long-term care policy?

Policies vary, but they typically cover nursing home care, assisted living facilities, adult day care services, and home health care. It’s important to check if the policy covers all the types of services you anticipate needing.

How much will the policy pay per day or per month, and is there a maximum benefit period?

Benefits can range widely, from $50 to over $250 per day. Most policies also set a maximum benefit period, such as three years, five years, or lifetime coverage, which caps the total benefits paid.

What are the specific conditions or triggers that must be met to qualify for benefits?

Benefits are usually triggered by a medical professional’s certification that you cannot perform a certain number of Activities of Daily Living (ADLs) independently, such as bathing, dressing, or eating.

How will the premiums change over time, and is there any protection against rate increases?

Premiums can increase based on policy claims and changes in insurance costs. Some policies offer options to lock in rates or limit future increases, which can be more expensive but provide long-term cost stability.

Does the policy include any inflation protection to ensure coverage keeps up with rising care costs?

Many policies offer inflation protection, typically at an additional cost, which increases your benefit amount annually to keep pace with inflation and rising care costs, ensuring that the coverage remains adequate over time.

Insights

September 23, 2024

High-Deductible Health Plans (HDHPs): Saving Money and Taking Charge of Your Health

High-Deductible Health Plans (HDHPs) have gained traction among both employers and employees – do you want to know why? At a glance, these plans offer a unique blend of cost savings and incentives for proactive health management, making them an attractive option for those looking to balance healthcare expenses and coverage. However, that’s not all. […]

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September 23, 2024

Harnessing Data for Effective Population Health Management: Boosting Employee Wellness and Controlling Healthcare Costs

Businesses are increasingly leveraging data analytics to revolutionize their wellness programs and elevate population health management. By collaborating with employee benefits consultants, HR departments harness data-driven insights to understand employee health trends better, pinpoint potential risks, and craft tailored interventions that promote overall well-being. This proactive strategy allows HR teams to design more personalized and […]

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September 23, 2024

Prioritizing Wellness: Boosting Employee Health and Business Success

Businesses seeking to enhance productivity, foster employee satisfaction, and manage healthcare costs effectively will find wellness programs to be a strategic and impactful solution. By focusing on the holistic well-being of employees—encompassing physical, mental, and emotional health—wellness programs create a healthier, more engaged workforce. Here are compelling reasons why integrating comprehensive wellness programs is essential […]

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September 11, 2024

Key HR Compliance Deadlines You Can’t Overlook in 2024

Many important HR compliance deadlines are approaching quickly. Your immediate attention is required to ensure compliance and avoid costly penalties. Act now to ensure your organization stays ahead of these regulatory obligations. Major Medicare Part D Changes Coming in 2025 Starting in 2025, Medicare Part D will introduce a new, enhanced benefit design that could […]

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September 11, 2024

8 Reasons Why Pollution Insurance is Important

Understanding the environmental risks associated with construction and industrial operations is crucial for business owners in these sectors. The potential liabilities and financial consequences of pollution incidents can be severe, impacting the environment and your bottom line. This is where Pollution liability insurance, also commonly referred to as environmental insurance, becomes an essential part of […]

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September 10, 2024

IRS Issues Affordability Percentage Adjustment for 2025

This alert is applicable to all large employers (ALEs) – generally, those with at least 50 full-time equivalent employees. The Internal Revenue Service (IRS) has released Rev. Proc. 2024-35, which contains the inflation adjusted amounts for 2025 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer shared […]

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Ready to Secure Your Business?

Your business deserves the best protection available. Contact us today to discuss your specific needs and how we can tailor a comprehensive insurance package for you. Our friendly, knowledgeable staff is here to assist you every step of the way.

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