Long-term care (“LTC”) is the assistance needed when one requires help performing an activity of daily living (e.g., bathing, dressing, eating, etc.) or has a severe cognitive impairment, such as Alzheimer’s disease. Because Medicare does not pay for LTC services, such as assisted living, and only pays for the first one hundred days of skilled care (i.e., physical therapy or nursing), it may be important to consider purchasing a LTC insurance policy. With the creation of new hybrid insurance products, something that was once viewed as too expensive may now be a very practical purchase for you. We can guide you through that decision-making process and determine what is best for your individual case.
To learn more about long-term care, give us a call at (803) 772-4900 and schedule a free financial consultation.