Long-term home care is an important option for seniors who want to maintain their independence and remain in the comfort of their own homes. Rather than relocating to a nursing home, long-term care facility, or other institutional setting, they can stay at home and still receive the assistance and care they need. There are several reasons why seniors and other individuals who need long-term care choose to stay at home, with having the ability to create personalized care plans at the top. 

JUMP TO: Financial Challenge of In-Home Care | What Is Long Term Care Insurance? | Does Long-Term Care Insurance Cover Home Care? | How We Can Help | Long-Term Care Insurance Companies | Different Types of Policies | What Is Typically Covered? | Eligibility | How Much Does Long-Term Care Insurance Cost? | Learn More

Long Term Care Insurance In Palm Beach Gardens, FL

In home care in Palm Beach allows seniors to receive the appropriate level of assistance with daily activities such as bathing, dressing, and medication management. In-home care also allows seniors to remain connected to their communities, friends, and familiar surroundings, which significantly contributes to their overall mental health and quality of life. For those with chronic medical conditions or disabilities, receiving care at home can create more stability and continuous healthcare management. Ultimately, long-term home care empowers seniors and to age gracefully in a setting that promotes independence, comfort, and dignity, and gives their families peace of mind knowing they are taken care of. 

The Financial Challenge of Paying for In-Home Care

Paying for in-home senior care in Palm Beach can present a significant financial challenge for seniors and their families. The cost of hiring caregivers for long-term care can quickly begin to add up, placing strain on budgets. Depending on unforeseen medical expenses and the type of in home care that is needed, it can further increase the financial burden. However, long-term care insurance offers a valuable solution to help with long-term care costs. By providing coverage for in-home care services, including assistance with activities related to daily living, such as: 

• Transportation to doctor appointments and shopping
• Companionship
• Light housekeeping
• Much more 

Learn more about how long-term home care insurance near you can help alleviate financial pressure by paying for some if not all the care. Being assured that essential care services are covered by insurance, families can focus on spending quality time with their loved ones and comfort them without the added stress of worrying about the cost of in-home care.

What Is Long Term Care Insurance?

Long-term care insurance in Florida is a financial safeguard for individuals planning ahead for any future healthcare they may need. Typically, acquired earlier in life, this type of insurance provides financial support for long-term services and supports, which may arise gradually as individuals age or as a result of a sudden health crisis like a heart attack or stroke. 

Does Long-Term Care Insurance Cover Home Care?

In Florida, unlike traditional health insurance, long-term care insurance specifically covers the costs associated with personal and custodial care, regardless of whether it is provided in the home, a community organization, or a long-term care facility. These policies offer flexibility, allowing policyholders to select from a range of options and benefits that are catered to what the policyholder needs. The policy reimburses individuals, up to their preselected limit, for daily services that are provided to assist with activities of daily living such as bathing, dressing, or eating. By obtaining long-term care insurance, individuals in Palm Beach County can better prepare themselves for the potential financial burdens that extended healthcare needs may bring later in their lives. 

How We Can Help

At Visiting Angels in the Palm Beaches, we understand that figuring out how to use your long-term care insurance can be stressful and confusing. That's why our team is here to shoulder the burden of handling communication and billing for you. Once you get us in contact with your long-term care insurance company, our dedicated team will take it from there, handling all the paperwork, and managing the billing process, so you can focus on getting back to your routine, and start receiving the best possible care in the comfort of your own home.

Long-Term Care Insurance Companies

We know the ins and outs of the insurance process and will serve as your advocate every step of the way, making sure that your in home care needs align with your policy benefits. Plus, we always go the extra mile by communicating directly with your insurance company on your behalf to save you time and frustration. Our dedication to customer service involves handling all necessary documentation and sending it to your insurance company at no additional cost to you. In most cases, we also often accept the Assignment of Benefits, which can minimize or eliminate your out-of-pocket expenses for in-home care, which is a rare convenience in the home care industry. Some of the long-term care insurance companies we work with include:

• CNA
• John Hancock
• Genworth
• Brighthouse
• Unum
• Transamerica
• MetLife
• Allianz
• Bankers Life
• Healthsmart

When it comes to billing, you can trust in our meticulous system of checks and balances to make sure all information is accurate so you don’t have to worry about your long term care insurance company contacting you to ask about discrepancies. Our billing department is available every day to address any questions or concerns you may have because we believe in handling the financial aspects of our services with the same level of care and compassion as we do with our in home care. With Visiting Angels, you can rest assured knowing that we're committed to transparency, accountability, and providing you with the best support and assistance you need whether it be concerning insurance or the quality of your in home care. 

What Are The Three Main Types Of Long-Term Care Insurance Policies?

When it comes to long-term care insurance coverage, individuals have three primary options to choose from. These options are provided to give individuals flexibility with care options and budgets regarding future care needs.

1. Traditional Long-Term Care Insurance -
• This type of insurance is also referred to as standalone long-term care insurance.
• Traditional long-term care insurance policies specifically cover expenses associated with long-term care, and include at-home and in-facility care.
• This policy offers thorough coverage that is tailored to the policyholder’s individual needs and preferences.
2. Hybrid Long-Term Care Insurance -
• This type of policy involves linking benefits or combo policies.
• Hybrid policies are a form of insurance that combines long-term care with other policies that include coverage with either life insurance or an annuity.
• They cover long-term care in various settings, and they also include a death benefit.
• If long-term care isn’t required in the policyholder’s lifetime, beneficiaries will receive a life insurance payout when the policyholder passes away.
3. Life Insurance with a Long-Term Care Rider -
• Some life insurance policies have the ability to add on a long-term care rider.
• This long-term care rider allows policyholders to use a portion of the death benefit payout to cover long-term care expenses while they are alive.
• If a policyholder adds a long-term care rider, individuals can upgrade their life insurance coverage to include financial support for potential future long-term care needs.

What Is Typically Covered In A Long Term Care Policy?

Long-term care insurance for in-home care offers financial support for various aspects of care, providing policyholders with flexibility and in-home assistance that caters to their specific needs and preferences. Most long-term care policies in Palm Beach are considered to be comprehensive, which typically allows policyholders to utilize their daily benefits for a variety of care needs, including:

• In-home care such as:
• Occupational, physical, rehabilitative, and physical therapies
• Personal care, including bathing, dressing, light housekeeping, etc
• Skilled nursing care
• Stroke recovery care at home
• Overnight care
• Adult day service center fees
• Hospice or palliative care
• Respite care services
• Assisted living facilities
• Alzheimer’s care - either at home or in special care facilities
• Nursing homes

The extensive coverage provided by long-term care insurance assists policyholders with receiving the necessary support they need to maintain their independence and quality of life in the comfort of their own homes, or at a facility. 

How Do Long Term Care Insurance Companies Determine Eligibility?

Companies that provide long-term care insurance for seniors in Palm Beach County use specific criteria to determine eligibility for benefits. These criteria vary based on the carrier but usually include needing help with 3 or more activities of daily living, such as bathing or showering, dressing, walking, using the toilet, eating, and walking. If your loved one has a diagnosis of Alzheimer’s or dementia, it may be sufficient by itself to be eligible for long-term care insurance benefits. 

If you have questions about eligibility for long-term care insurance, contact us; we can advise on these issues. 

How Much Does Long Term Care Insurance Cost?

The cost of long-term care insurance is not set in stone, as it depends on the provider and other key factors. These factors influence the overall long-term care insurance premium that individuals have to pay.  These factors include: 

• Age - Age is a significant factor in the cost of long-term care insurance, with younger applicants typically being provided with more favorable rates. This highlights the importance of obtaining a long-term care insurance policy in one's 40s or 50s, which is recommended. 
• Current Health - The current status of an individual’s health plays a significant role in long-term care insurance costs. Individuals who are in better health generally receive lower premiums compared to those with preexisting health conditions. 
• Chosen Benefits - The specific benefits individuals choose to receive can impact costs. These benefits include various aspects, such as the maximum amount the policy pays each year or the maximum number of days covered. Additional coverages or riders, such as options for couples to pool their coverage or inflation options that are designed to help coverage increase over time, can also affect the overall cost of long-term care insurance. 

Due to the fact that each of these factors is different for every individual, long-term care insurance costs vary, highlighting the importance of carefully reviewing one's needs and circumstances when selecting the policy that is right for them.

Contact Visiting Angels For More Information On Long Term Care Insurance

At Visiting Angels, we understand the vital role that long-term care insurance plays in providing financial support for in-home care. We want all individuals to receive the in-home care they need in Palm Beach County. We know that long-term care insurance allows individuals to access quality care while preserving their independence and dignity in the comfort of their homes. If you require any further information about long-term care insurance or our in-home care services, please don't hesitate to contact our team today. We're here to assist you with every step of in-home care.