During the Holidays, There are Many Discussions About Long Term Care

Reading Time: 1 minute

By the Price of Business show, Hosted by Kevin Price and a media partner of USADC.

According to AARP, “the phrase ‘long-term care’ refers to the help that people with chronic illnesses, disabilities or other conditions need on a daily basis over an extended period of time. The type of help needed can range from assistance with simple activities (such as bathing, dressing and eating) to skilled care that’s provided by nurses, therapists or other professionals.

“Employer-based health coverage will not pay for daily, extended care services. Medicare will cover a short stay in a nursing home, or a limited amount of at-home care, but only under very strict conditions. To help cover potential long-term care expenses, some people choose to buy long-term care insurance.

“Policies offer many different coverage options. Since you can’t predict what your future long-term care needs will be, you may want to buy a policy with flexible options. Depending on the policy options you select, long-term care insurance can help you pay for the care you need, whether you are living at home or in an assisted living facility or nursing home. The insurance might also pay expenses for adult day care, care coordination and other services. Some policies will even help pay costs associated with modifying your home so you can keep living in it safely.”

So what is it about the holidays that makes the conversation turn to Long Term Care Insurance (LTC)? Recently Price of Business host, Kevin Price visited with Brian Gordon of MAGA Limited. Price describes Gordon as “a leading authority on Long Term Care insurance.” Gordon is a regular on the Price of Business show.  On a recent interview on the Price of Business, he discussed why LTC comes up during the major holidays and why it leads to decisions:

 

Share This:

About kevin 1545 Articles
No articles on this site should be construed as the opinion of PriceofBusiness.com. Do your homework, get expert advice before following the advice on this or any other site.

Be the first to comment

Leave a Reply

Your email address will not be published.


*