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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 Richmond, VA, 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 Richmond, VA

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 Richmond, VA 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 paperwork

Long Term Care Insurance Policies that Home Instead Facilitates Reimbursement

Home Instead of Richmond, VA is pleased to facilitate reimbursement* with these LTCI Policies:
*While all Home Instead clients are billed directly by Home Instead and pay Home Instead directly, we send all invoices and care logs directly to your Long Term Care Insurance provider on each billing date to keep up on that paperwork and facilitate the client's reimbursement.

  • John Hancock
  • Allianz
  • Northwestern Mutual
  • Bankers Life
  • Mass Mutual
  • Unum
  • One America
  • Davies Life & Health
  • Transamerica
  • Met Life
  • CNA
  • Lincoln Benefits
  • Genworth
  • Coventry Care

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.

senior and adult daughter reviewing a long term care policy together