Posted: 9 Nov '15
What is Long Term Care Insurance?
No one wants to think about going into long-term care, but many people know they need to prepare for the costs of extended nursing should such a situation arise. Home care staff, nursing homes, and assisted-living facilities are expensive, and there is no way to know how long the service will be needed. Buying long-term care insurance in Edmonton is the best way to make sure your future medical needs will be met.
What is Long-Term Care?
Long-term care can be carried out in a range of settings, including at home, an assisted-living facility, a long-term care facility, an adult day care, or a retirement home. Long-term care includes services such as:
- Therapy and rehabilitation
- Nursing care
- Personal care (hygiene, grooming)
- Domestic services (cleaning, meal preparation)
Your health care and personal care needs will change over the years. You'll likely pass through several stages of care during retirement. As you work toward your retirement goals, it's important to consider how an extended illness may affect your future lifestyle.
Long-term care insurance in Edmonton covers the costs related to your care over an extended period of time. Depending on your plan, you'll receive benefits for 1 year, 2 years, 5 years, or even an unlimited number of years.
Who Needs Long-Term Care Insurance?
- Want to protect their savings and assets
- Want to remain independent
- Would like to have the financial resources to care for a loved one who is ill
- Want control over the type and level of care administered
Long-term care insurance is for people who:
When thinking of your retirement goals, consider the cost of your future long-term health care needs. Buying long-term care insurance in Edmonton can give you maximum control and flexibility over your medical care while protecting your retirement savings.