Using Long Term Care Insurance to Fund Home Care
Long-term care insurance (LTCI) is a form of insurance that is generally intended to cover services needed to care for a person in later life. It is becoming an increasingly popular way to pay for home care and can protect your assets by paying for covered expenses up to the amounts set forth in your policy.
At Home Instead of State College, we are happy to work with you and your long term care insurance provider to facilitate the home care services you need!
Long Term Care Insurance for Home Care in State College
A LTCI policy is a signed contract between the insurance provider and the policyholder. Each policy’s provisions and policies are unique to the person and because of that, it is likely that no two policies are the same and even policies within the same insurance provider may be different.
To get the most out of the home care benefits offered, it is best to review each Long Term Care Insurance policy individually to understand the policy’s covered benefits. Home Instead of State College is happy to help you with this process!
General Long Term Care Insurance Timeline
- Determine if care is needed
- Find the complete LTCI policy or request a new copy
- Understand what is covered and what is not covered
- Establish benefit eligibility
- Discover the elimination period and how it is measured
- Work with Home Instead to understand provider eligibility
- Home Instead will submit necessary documents to LTCI
Long Term Care Insurance Policies Accepted by Home Instead
Home Instead of State College, PA is pleased to currently work with these LTCI Policies:
- Bankers Life Long Term Care
- State Farm Long Term Care
- Met Life Long Term Care
- Genworth Long Term Care
- Davies Long Term Care
- John Hancock Long Term Care
- Transamerica Long Term Care
- Northwestern Long Term Care
- CNA Long Term Care
- Mass Mutual Long Term Care
- Prudential Long Term Care
PLEASE CALL HOME INSTEAD TO INQUIRE ABOUT OTHER POLICIES! WE ARE ALWAYS HAPPY TO WORK WITH OHTER COMPANIES (814) 470-8753
Download the Action Plan for Successful Aging
These Action Plans were thoughtfully created to help you connect with your older loved one around some of life’s important topics including living and financial choices, health, relationships and dating, driving and end of life. You’ll find conversation starters, supportive tips, and useful resources to help guide planning and make family discussions a little easier.
