Long-term Care Insurance and In-home Care

According to the National Center on Caregiving, 80 percent of elderly individuals receiving assistance live in private homes. Some of these seniors are supported by family caregivers, while others rely on outside resources for care.

For many, personal care services are chosen as the best option for in-home care. The services can be flexible for families, enabling them to use care partner attendants as necessary. Many are surprised to learn that such care is not typically covered by Medicare.

What about Medicare?
Medicare Part A (hospital insurance) and B (medical insurance) cover a number of health care-related costs. However, personal care is not routinely among them. Such services are primarily paid for privately or through privately held long-term care insurance.

What is long-term care insurance?
Long-term care insurance is intended to cover the expenses related to personal assistance. These policies help families manage the cost of personal care services also known as custodial care by reimbursing them for additional help they need at home, including bathing, grooming, or transportation to appointments or for errands.

Long-term care insurance is a good option for seniors, but policy prices will likely vary based on age and coverage. As an alternative, seniors or their family members can pay for in-home care out- ofpocket and no type of insurance coverage is necessary.

How to find a long-term insurance policy
Today, there are more than seven million people utilizing long-term care insurance, according to a study conducted by America’s Health Insurance Plans. For seniors or children of aging parents looking for a policy of this kind, there are a few things to keep in mind:

  • Research different insurance companies and their policies before making a decision.
  • Ask for a written copy of the insurance you select to help you understand its intricacies, AARP suggests.
  • Inquire about how often the insurance provider has raised premiums over the years.
  • Don’t be afraid to change your mind: Most companies give you a grace period to return your policy.



How to learn more about long-term care options
Some health care companies, such as AccentCare, offer a free concierge service to help seniors and their family members with questions about meeting their care needs. AccentCare is happy to take your call to walk you through your long-term care insurance coverage or to help you with questions regarding flexible private pay options that can be customized just for you! AccentCare can be reached at 1-800-834-3059 or you can visit them to learn more at accentcare.com/services/personal-care/ .