As we age, planning for the years ahead and considering the possibility of needing long-term care is essential. In fact, the Administration for Community Living (ASL) estimates that around 70% of individuals aged 65 or older will require some form of long-term care in their lifetime. Long-term care refers to services that can become necessary due to chronic illnesses or disabilities, such as in-home care, nursing home care, and assisted living.

Unfortunately, these services can be incredibly expensive, and many seniors struggle to cover the costs. While Medicare provides coverage for some long-term care services, it may not cover all the expenses. This is where supplemental Medicare insurance for long-term care comes in. Below, the supplemental insurance agency in St John, Indiana is going to discuss some of the key things you should know about this type of insurance.

What Is Supplemental Medicare Insurance for Long-Term Care?

Supplemental Medicare insurance for long-term care — also known as long-term care insurance — is specifically designed to cover the costs that traditional Medicare does not cover. This type of insurance can be obtained through a reputable supplemental insurance agency in St John, Indiana, and it can help cover the expenses associated with home healthcare, nursing home care, assisted living, and other related services that may be necessary to maintain your quality of life as you age.

By enrolling in long-term care insurance, you can have peace of mind knowing that you will have coverage for the care you need. This type of insurance can help protect your retirement savings and ensure that you can receive the care you need without worrying about the high costs. 

Why Might You Need Supplemental Medicare Insurance for Long-Term Care?

Supplemental Medicare insurance for long-term care is important because it can help you cover the costs associated with long-term care. These costs can be substantial, and they can quickly drain your retirement savings. With long-term care insurance, you can have peace of mind knowing you have coverage for the care you need.

Additionally, long-term care insurance can help you maintain your independence and dignity. With long-term care insurance, you can receive the care you need in the setting that is most comfortable for you, whether that is in your own home or an assisted living facility.

What Does Supplemental Medicare Insurance for Long-Term Care Cover?

Long-term care insurance provides coverage for a variety of services that are not covered by traditional Medicare plans. The specific services covered can vary depending on the policy, but in general, long-term care insurance covers the costs associated with home healthcare, nursing home care, assisted living, adult day care, hospice care, and respite care. These services can be crucial for maintaining a high quality of life for seniors, especially those who require long-term care due to a chronic health condition or disability.

It is important to note that while long-term care insurance policies cover many services, they may have limitations such as maximum benefit amounts and waiting periods before benefits are paid. It’s important to sit down and review the policy details carefully with your supplemental insurance agency in St John, Indiana before enrolling in a plan.

Looking for a Supplemental Insurance Agency in St John, Indiana?

Are you wondering whether you could benefit from having long-term care insurance? If so, and if you would like to meet with a reputable supplemental insurance agency in St John, Indiana to discuss your options, our team at Senior Care Insurance Services (SCIS) is here to help.

As a family-owned and operated business with more than 30 years of experience serving the St John area, we are committed to helping individuals find the right coverage for their needs. Contact us today to discuss your options.