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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 Chattanooga, TN, we are happy to work with you and your long term care insurance provider to facilitate the home care services you need!

two ladies going over long term care policy with senior sitting on the couch in the background

Long Term Care Insurance for Home Care in Chattanooga, TN

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 Chattanooga, TN is happy to help you with this process!

General Long Term Care Insurance Timeline

  1. Determine if care is needed
  2. Find the complete LTCI policy or request a new copy
    (Home Instead can help you with this step if you have the policy # and a contact number)
  3. Understand what is covered and what is not covered
  4. Establish benefit eligibility
  5. Discover the elimination period and how it is measured
  6. Work with Home Instead to understand provider eligibility
  7. Work with conflicts early
gentleman going over long term care policy paperwork

Long Term Care Insurance Policies Accepted by Home Instead

Home Instead of Chattanooga, TN is pleased to currently work with these LTCI Policies:

  • Bankers Life Long Term Care
  • Riversource Long Term Care
  • State Farm Long Term Care
  • Met Life Long Term Care
  • Unum Long Term Care
  • Genworth Long Term Care
  • MTI America Long Term Care
  • New York Life Long Term Care
  • John Hancock Long Term Care
  • Transamerica Long Term Care
  • TriPlus Long Term Care
  • PLEASE CALL HOME INSTEAD TO INQUIRE ABOUT OTHER POLICIES! WE ARE ALWAYS HAPPY TO WORK WITH OTHER COMPANIES!  (423) 893-9993

Download the Long Term Care Insurance Guide

This guide provides tips on understanding long term care insurance, interpreting a policy and finding a care provider.

Download Guide
senior and adult daughter reviewing a long term care policy together