Long Term Care Insurance

    Long-term care is a type of personal care service that you might need if you are unable to care for yourself because of an illness, disability, or cognitive impairment like Alzheimer’s disease. Long-term care is different from traditional medical care.  Traditional medical care tries to treat or cure illnesses. Long-term care usually won’t improve your medical condition, but it will help you maintain your lifestyle. It  helps with routine daily activities, such as eating, getting around, and bathing. It can also help if you need supervision, protection, or reminders to take medicines or perform other activities. You can get long-term care services at your own home or in a hospice, adult day care center, nursing home, or assisted living facility.

Long-term care can be expensive. The cost depends on the amount and type of care you need, where you receive it, and what type of medical professional provides it. The average cost for long-term care in Texas is about:

• $3,000 a month to live in an assisted living center  
  
• $6,000 a month for a private room in a nursing home 
  
• $40 a day for adult day care 
  
• $20 an hour for home health care

A long-term care insurance policy typically pays from $50 to $250 per day for nursing home care. To find out how much coverage you might need, call local nursing homes, home health care agencies, and adult day care centers in your area and ask about their cost for daily care. Keep in mind that costs will likely go up as you get older.

The Hanks Group offers a FREE Long Term Care Cost Analysis, Click Here to order your FREE analysis.


 

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