Long Term Care Insurance: The Basics

What is Long Term Care Insurance?

Every insurance company will have certain requirements, forms and information that the home care agency must submit correctly and on schedule or the client’s reimbursement will be delayed.

A-1 Home Care Agency has over 25 years’ experience working with Long Term Care Insurance Companies including Allianz, Bankers Life, CNA, Conseco, John Hancock, Lincoln Financial Group, MetLife / BrightHouse, Mutual of Omaha, Northwestern Mutual, Penn Treaty, SHIP, TransAmerica, UNUM and Washington National.

We are recognized as being a professional home care agency by these companies and knowledgeable about what documentation and procedures they require to ensure clients receive a timely reimbursement.

Staff at A-1 Home Care Agency can assist clients with everything from initializing a claim to managing your loved one’s care plan and account.  We maintain all records required by your long term care insurance company and the IRS, allowing you to enjoy time with your family.

A-1 Home Care is a State Licensed, Bonded and Insured Non-Medical Home Care Agency helping seniors, elderly and disabled individuals living in Los Angeles County, Orange County and San Gabriel Valley.

We provide State-Certified Personal Care Assistants, Caregivers, Nurse Aides and Home Health Aides to assist with:

  • Personal Hygiene Assistance
  • Incontinence Care
  • Safety Supervision
  • Escort / Errand Assistance
  • Companionship
  • Meal Preparation
  • Light Housecleaning
  • Laundry
  • Medication Reminders
  • After Surgery Care
  • Dementia Care
  • Parkinson’s Disease
  • Alzheimer’s Disease
  • Vision Loss
  • Hospice Care
  • Dialysis Care
  • After Stroke Care

Long Term Care Insurance (LTCI) reimburses policyholders a daily amount (up to a specified limit) for a variety of services to assist them with their daily living such as bathing, eating, medication reminds, dressing, and more. You can select a variety of care option and benefits to allow you to receive the services that you need.

The benefits of opting for a reliable home care agency go beyond just having a companion on standby, but with services expanding far and wide, nearly every aspect of non-medical assistance one could need is now available. In-home care allows a senior to age gracefully in his or her home without the need to relocate to an assisted living facility or nursing home. Not only this, but the caregiver on duty can provide a number of services that assist with their daily living such as: bathing, providing medication reminders, cooking meals, performing light housekeeping etc.

For those that aren’t familiar with Long Term Care Insurance (LTC or LTCI), Long Term Care Insurance covers in-home care providers such as caregivers, nurse aides, personal care attendants and home health aides arranged through a Home Care Agency that meets the insurance company’s requirements and follows their policies.

It should be noted that employer-based health coverage will not pay for daily care services. Yes, Medicare will cover a brief stay in a nursing home or provide the client with a limited amount of at-home care, but the conditions are extremely strict. To counter this, people opt for long term care insurance as an alternative.

According to AARP:

“Depending on the policy options you select, long-term care insurance can help you pay for the care you need, whether you are living at home or in an assisted living facility or nursing home. The insurance might also pay expenses for adult day care, care coordination and other services. Some policies will even help pay costs associated with modifying your home so you can keep living in it safely.”

Policies may cover the following services/care arrangements:

  • Home Care
  • Assisted Living
  • Adult Day Care Services
  • Nursing Homes
  • Home Modification
  • Care Coordination

Important Factors to Keep in Mind

There are some important factors to keep in mind if you’re looking for long term care insurance. Your costs can vary based on certain aspects such as:

  • The maximum amount that a policy will reimburse for services
  • The maximum number of days that a policy will ultimately pay
  • Any optional benefits
  • Your age when you purchase the policy

If you are already receiving long term care services, there’s a possibility that you will not qualify for insurance as most policies will require some medical underwriting – which includes if you are in poor health. In certain cases, you will be able to purchase limited coverage, or coverage at a higher rate. Keep this in mind when you are in the midst of searching for the right LTCI for you or your loved one.

For claimants to receive reimbursement quickly from Long Term Care Insurance Companies, a Home Care Agency that is experienced with their procedures is necessary.

A-1 Home Care Agency hires state-certified caregivers that are experienced and trained in home care services. Our case managers are on duty 24/7 to answer any questions that you may have regarding Long Term Care Insurance or other services.

Call A-1 Home Care Agency and let us provide the personalized care and attention your family deserves.

Get In Touch!

A-1 Home Care Agency is here to provide you with more information, answer any questions you may have, and create an effective solution for all your care needs.