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Long-Term Care Insurance

Plan for the unexpected. Secure your future.

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Spotlight on: Long-Term Care Insurance

Long-term care insurance can cover the cost of care and living expenses after a policyholder loses the ability to perform two of the six qualifying Activities of Daily Living (ADLs) or suffers a severe cognitive impairment for 90 days or more.

Examples of severe cognitive impairment include, Alzheimer’s disease, dementia and other impairments related to brain injuries.

The Higginbotham Difference

A more personal and less institutional approach. That’s what we offer our clients. By making policies personal, we help you worry less and accomplish more.

If you’re an employer interested in providing long-term care insurance to your employees to better protect their health in retirement, we’ll advocate in your best interest. First, we’ll understand your specific needs. Then we’ll get you the most competitive prices today and use our Day Two Services® to deliver value for hundreds of tomorrows.

To learn more about how our values-based approach drives value for you and your employees, click here.

Or visit our Insights page to learn more about what long-term care policies cover.

Talk to a long-term care specialist who wants to listen.

Find out more about what long-term care coverage from Higginbotham can do for you.

Request a QuoteLet’s Talk

What does a long-term care policy cover?

Long-term care insurance covers long-term care services in a facility such as a nursing home, assisted living center, adult daycare, hospice or at home after a qualifying event.

That said, you should be aware of a few exclusions and stipulations before deciding on a plan.

The Six Activities of Daily Living

Eating

Bathing

Getting Dressed

Toileting

Transferring

Continence

Long-Term Care Qualifications

As aforementioned, if a long-term care insurance policyholder is unable to perform two or more of the Activities of Daily Living (ADLs) or suffers a severe cognitive impairment for 90 days or more, their long-term care policy can start paying a daily benefit as soon as the waiting period has been met (typically 60-90 days).

Qualifying for benefits requires an evaluation and certification by a medical specialist licensed in the policyholder’s state.

After approval, the insured becomes eligible for cost reimbursement for the cost of care and living expenses outlined in the plan of care designed by their primary care physician or doctor.

Most long-term care insurance policies offer a choice of two-, three-, four- or five-year benefit periods.

Options for care typically include:

  • Home Care
  • Nursing Home Care
  • Assisted Living Facilities
  • Adult Day Care Centers

How is the cost of a long-term care policy determined?

At Higginbotham, we believe each client deserves a unique policy tailored to their specific needs and budget. Therefore, it’s important to have a conversation about these factors in order to provide you with a customized quote for your own long-term care insurance policy.

The cost of a long-term care policy depends on a few factors, including:

Age

Gender

Marital Status

Medical History

Current Medical Condition

Amount of Coverage Needed

Whether you are an individual looking to better protect your health in retirement or an employer shopping for voluntary employee benefits, you can have the peace of mind knowing we will provide you with the right coverage at the best price available.

Not sure where to start? Talk to someone who wants to listen.

Give one of our employee benefits specialists a call today to find out what Higginbotham can do for you.

Talk to an Employee Benefits Specialist

Request a Quote

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