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Paying Senior Home Care Costs Through Insurance

Female Doctor Talking To A Senior Couple

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Female Doctor Talking To A Senior Couple

Caring for our senior loved ones is a top priority, but the costs associated with senior home care can often be overwhelming. Many families find themselves grappling with the financial burden of paying for these services. However, there is a glimmer of hope – insurance coverage. In this blog post, we will explore the various…

Medicare or private health plans don’t provide personal care at home. You could be eligible for insurance coverage through the local Medicaid program. Benefits and eligibility requirements differ in each state, but you could only be eligible for it once you have exhausted the majority of the savings.

Policies for Long-Term Care Insurance however provide coverage for the costs in the event that you or someone you love develops an ongoing medical condition or disability, or a cognitive issue like dementia.

How Do I Buy Long-Term Care Insurance?

The process of purchasing a long-term care insurance plan is comparable to buying an insurance policy for life. A representative from the insurance company or an insurance representative will request you to fill out an application and respond to health-related questions. Insurance companies will look over your medical and application and decide on the amount of your insurance coverage when you’re approved.

Don’t put off the decision to purchase a long-term-care insurance policy. The majority of insurers will not issue policies to those who are over the age of 75 or with a chronic illness. The majority of people buy long-term care insurance between their 50s and the early 60s in order to safeguard their savings and ensure that they will receive high-quality senior care should they require it.

In general, people who are younger and who are healthy pay less cost. But, it’s important to keep in mind that each policy has different benefits, coverage limits and options that come with different prices.

How Does Long-Term Care Insurance Work?

Although every insurance policy is unique and different, many are “triggered” if you can’t do two or more of the activities that are essential to your daily life like bathing, eating, dressing, toileting or moving, or in the event that you suffer from cognitive impairment.

If you (or someone you love) meet the trigger requirements and require medical attention for your condition, you’ll need to make a claim to your insurance provider, who could require medical proof along with an exact copy of your health plan. A representative of the insurance company could be able to send a nurse to examine your health.

The majority of long-term insurance policies require that you pay for the care out of your pocket for a certain amount of time, typically 30, 60 or 90 days prior to the insurance benefits start to kick in. The policy will come with an hourly benefit limit, as well as an annual maximum benefit.

A lot of long-term care insurance policies reimburse an amount per day to provide assistance with daily living activities. Your individual policy will define:

  • Amount that was paid
  • How is the benefit paid
  • How long do the benefits last?
  • Can Long-Term Care Insurance Pay for a Allevia Home Care?

Long-term insurance for care is a method that allows you to finance personal care, but it is important to know the coverage of your policy and how you can file an insurance claim.

The Allevia Home Care coordinator can give you an exact copy of the care plan that could be required by your insurance company as evidence of services offered. The care coordinators at Allevia Home Care could be able to assist in submitting an insurance claim, however, some insurance companies might require you to fill out and submit your own claim forms.

Contact your local Allevia Home Care office. Care coordinators from Allevia Home Care are knowledgeable about long-term care insurance. They will visit you to discuss your insurance needs in a no-cost home care consultation.