Understanding the difference between Health Insurance vs. Long-Term Care for a Secure Future

George, a 63 year old family man, asked me a question last week. He was under the impression, like many people, that his health insurance and, soon to be Medicare, covers long term.

No George. Both are health care systems designed to create recovery from what ever the event is. Cancer, heart attacks, stokes are examples of medical events from which people are treated to return to normal.

Long term care, aka, custodial care, is designed to maintain a level of normal activity while dealing with things like dementia from which there is no recovery. Those activities of daily living include bathing, dressing, and eating where help or standby assistance is needed. Without a long term care insurance policy, the professional help needed is paid for out of pocket.

George is now working with Essential Plans of Insurance, my company, to design a long term care insurance plan so his family will be spared the burden of being care givers and let an insurance company pay the bills so he won’t have to.

When you are ready to talk to an expert to better understand the difference health insurance vs. long-term care, schedule a call with Jim: calendly.com/jimbetter. Find more long-term care resources in our blog.

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