Home Care Insurance – Long Term Care Insurance
With all of today’s healthcare technologies, the chances of living past the age of 100 are higher than ever. Its time to get properly insured!
Unfortunately, many are unaware of the levels of health care provided by the Canadian government, especially when it comes to long-term care. The government is not required to cover assisted living. While support for struggling families is always available, it is often only a portion of the costs that the government covers. Many times, families must pay out of pocket for their loved one’s long-term care.
What is long-term care insurance?
Long-term care insurance is an insurance option that provides financial protection and support for aging seniors. Long-term care is used when the client is unable to care for themselves, whether because of a chronic illness, disability, cognitive impairment, or other condition.
Nursing homes, chronic care facilities, and often home care providers are covered by long-term health care plans.
There are two different types of long-term care plans. The first provides reimbursements for all eligible expenses. The second plan provides a pre-determined monthly benefit amount in the form of income.
Most plans include a waiting period before your benefits will become payable. Common waiting periods are between 30-90 days.
The life and health insurance industry works alongside the public healthcare system by providing long-term care insurance for its citizens. Many life and health insurance companies in Canada offer long-term care insurance.
Contact us today to discuss the home care options for you or a loved one in Greater Victoria, or to book a Free In-Home Consultation.
We proudly serve the following towns and communities in Greater Victoria:
Victoria, Oak Bay, James Bay, Colwood, North Saanich, Central Saanich, Saanich, Sydney, Langford, View Royal, Metchosin.
Contact Us Today to Speak with a Home Care Specialist!
Bob and Linda
Bob and Linda