Individual Long-term Care Insurance
Long-term care (LTC) is the type of care received either at home or in a facility, assisting with activities of daily living due to an accident, an illness or advancing age. Rising life expectancy means that the potential need for long-term care grows for individuals with every passing year. It is likely that you or a family member will need long-term assistance due to a prolonged illness, a disability or general deterioration of your health and ability to perform routine daily activities.
Most long-term care expenses are not covered by Social Security or Medicare, Medicare Supplement (“Medigap”) or private health insurance. Medicaid pays for nearly half of all nursing home care, but you must meet federal poverty guidelines and may have to “spend down” most of your assets on health care.
The Mid-South Insurance Group offers you a complimentary consultation with comparative options from multiple insurance carriers to ensure the most competitive benefit and cost solution to meet your goals for long-term care.
Fun Fact: 52% of people turning age 65 will need some type of long-term care services in their lifetime.