Long Term Care Insurance

Did you know?  52% of Americans over age 65 will require some form of long term care. 

It’s no secret that long term care can be incredibly expensive. Without insurance coverage cost can equate to hundreds of thousands of dollars. Unless you are independently wealthy and are able cash flow the high expense you may be stuck without a way to pay for the care that you need.  

Long term care insurance allows you to  safeguard your savings against the high cost of long term care.  Brian disease, cancer and other common diseases often bankrupt middle class families that are unprepared for accompanied cost. 

Planning ahead with a long term care insurance policy can protect you and your family from catastrophic expenses.

Looking to enroll in a Long Term Care Insurance? Get started today by filling out the form on your screen. 

Our independent agency can help you compare plans and rates from all the top companies nationwide. 

We help match you with a policy that fits your health circumstance and your budget.  Get Started Today.  

what is long term care insurance?

Who Needs Long Term Care Insurance? 

As mentioned above it’s more than likely that all of us will need some form of long term care at some point.  This may be a brief period for some, while for others it may continue throughout their life. 

Those who have an increased likelihood for Long term care are individuals with chronic illness, disease, or disabilities.    

However, unexpected health events happen every day to both healthy and not so healthy people.  Unless you have the means to cashflow a serious health event you likely need Long Term Care Insurance. 

What is Long Term Care Anyway?

Most long term care is administered in the home and is know as “personal care”.  This type of care includes assistance in simple activities such as eating, bathing, and dressing. 

More intensive forms of long term care are administered by nurses, therapist, and specialized professionals. These types of services are typically done inside a hospital, nursing homes, adult day care, or treatment centers.

The Likelihood of Needing Long Term Care 

A rather daunting statistic is that 84% of American’s over age 65 are living with at least one chronic health condition.  And often more as they age.  Chronic health issues increase the likelihood of needing Long Term Care in the future. 

When you purchase a LTC policy you are insuring against a likely costly health event in the future.  Which might be one of the most important decisions you ever make.

Personalized Long Term Care Insurance Quotes

compare long term care insurance quotes

How to Purchase Long Term Care Insurance

You purchase an individual LTC policy through an insurance agent or independent broker.  

If you go directly to an insurance provider you will only be presented policies from that particular provider.  Individuals who are looking to find best policy options and the lowest rates will choose to work with a independent agent who is not bound to a single company.  Working with an independent agent allows you to shop and compare plans from many different companies. As a result you find better coverage at a lower price.    

Simplified Senior is an Independent digital agency specializing in senior care policies.

All Insurance Agents Are Not The Same

Most life insurance agents sell only one or two long term care insurance options.  Our specialized firm however helps you shop all the best policies available in your state. We help you find compare plans and rates side by side so you can find your best policy. Those who fail to compare their options will likely end up paying more for their policy.  

We pride ourselves on give our clients more options for long term care.  The right policy is out there for you, and we’ll make sure you find it. 

Long Term Care Insurance with Pre-Existing Conditions

Unfortunately not every one will qualify for LTC coverage.  You must health qualify before you can enroll in a policy.  Just because you’re looking to buy doesn’t mean you’ll be granted coverage. 

Long Term Care Insurance carriers reject many individuals with pre-existing health conditions.  However, some companies will offer policies that excludes care for known conditions for a specified period of time. 

It’s important that you’re completely honest about your health when applying for a Long Term Care Insurance Policy.  If you fail to fully disclose a known condition you may be denied the funds promised within your policy. 

Long Term Care Insurance Alternatives : If you are denied coverage due to your health there are several LTC alternatives for your to consider.  Senior Life Insurance policies as well as Annuities can be structured to help you pay for long term care if you were to need it. 

How Much Do Policies Cost?

The only way to determine the cost of your long term care policy is to shop and compare quotes.  Your premium rates are determined on your age, health, gender, state of residence, and how much coverage you’re looking to get.  There are many factors that contribute to the cost of you policy. Which is why it’s so important to work with an independent agency when shopping.  

Our independent agency helps you compare Long Term Care Insurance Companies nationwide so you can find your lowest cost option.  

Most of use are aware that long term policies are expensive. However, that doesn’t mean you should automatically dismiss them. 

Practically all Americans live on a fixed budget throughout retirement.  And there’s not much wiggle room in that budget to pay out-of-pocket for the unexpected medical bills.  Yet alone a serious health event that requires intensive long term care.  

What might seem expensive today as a monthly premium may save you tens of thousands of dollars down the road, maybe more.  It’s a matter of perspective and considering the real risk of life.   

The serious health events prominent in elderly life may completely drain your savings, or worse,  without the care that you need. 

The important thing is to take a honest look at your health and your finances to determine the risk of owning or not owning a long term care insurance policy.  

Does Medicare Cover Long Term Care?

Medicare does cover long term care coverage in a facility for the first 100 days. That’s only 3 1/2 months.

Medicare coverage falls far short of the average duration most people need long term care.  Keep in mind that the most common type of long term care is in home and considered “personal” or “custodial” care.  Medicare does not cover this type of care. 

Take a look at the numbers:

  • Average number of years women will need long-term care – 2.5 years
  • Average number of years men will need long-term care – 1.5 years
  • Percentage of people needed more than 5 years of long term care – 14%

Sadly, most people New to Medicare are unaware of that their benefits provide very little long term care coverage.  However, now that you have this information you can make an informed decision on whether or not to purchase a long term care insurance policy. 

Exploring Your Options

It’s impossible to make the right decision until you’re aware of the available options.  As mentioned above the only way to find out what your options are is to compare plans and rates side by side.  Doing this alone is a tedious undertaking. The good news is we’re here to help. 

Our independent agency provides free quotes and advice to all those seeking LTC coverage.  We’ll help you take stalk of your life situation and help you navigate your best policy options.  

Our agents work for you, not the insurance company.  You’ll get a advocate on your side who looks out for your best interest.    

Our referral service is free for you to use. And there’s no obligation when speaking with one of our agents.  

If you decide on purchasing a policy, our streamlined application process is completed in a matter of minutes.  

We’ve helped thousands of seniors prepare for living a successful retirement.  See what we can do for you.  Get started today by filling out the form on your screen. 



LTC insurance policy help

Long Term Care Insurance Help