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Catholic Long Term Care Insurance Review

What Is Catholic Long Term
Care Insurance Company?

Catholic Long Term Care Insurance Company is a not-for-profit agency that is owned and operated by its members. Although there is a common bond for members of the Catholic faith, the Catholic Long Term Care Insurance Agency is not attached to any Catholic institution.

Catholic Long Term Care Insurance has been in business for many years due to their high customer service standards and their drive to provide their members with the best possible rates and coverage when they need it most.

Here are the facts so you can determine whether or not this is the right long term care insurance provider for your specific needs.

What Is Long Term Care Insurance?

First things first. What is long term care insurance? Long term care insurance is a medical insurance that is specifically for long term care after an illness or injury is past the critical and life threatening stage. Long term care is something that many people will come to need in their later years.

Since the advances in medical care, many people are living much longer lives making chronic illnesses more prevalent. This means that the need for long term care is also on the rise, so, of course, so is the need for long term care insurance.

What Coverage Can Long Term
Care Insurance Provide Me?

Long term care insurance will provide you with coverage when Medicare stops providing the coverage you need. If your income qualifies you for Medicare, you may be able to receive limited long term care coverage. How limited? Well, you may be able to get long term coverage for up to 20 days, and half the cost of long term care in a facility for up to 80 days. Unfortunately, this leaves a lot of expense uncovered.

Assuming a low average cost of $150 per day for stay in a facility like a nursing home or rehabilitation center your costs could run $4,500. In addition, about half of the people in long term care are there for an average of 6 months. And of that group, 15% will be there for as long as 3 years All of your Medicare support will run out way before your need for care does if you are part of the 15% who need long term medical care for 3 years. If these numbers put a scare in your wallet, long term care insurance may be the security you need.

Long term care insurance can help to cover these large expenses. Long term care insurance will cover most or all of your medical cost depending on the policy you choose. This could mean the difference not only in the care you receive but also whether you will still be financially able to support yourself when you leave the long term care facility.

Can Long Term Care
Insurance Cover Home Care?

There are several different policies for long term care insurance. Many policies provide coverage for in home long term care. In home long term care can consist of having someone assist you with daily activities such as bathing, dressing, cooking and eating. In home long term care can also provide someone to clean your home and a visiting nurse to help with your medical care needs.

When Do I Need To Think
About Long Term Care Insurance?

It is never too early to think about purchasing a long term care insurance policy. Right now the competition is high for long term policies so that means only good things for you. It means that the rates are lower and that will make your payments lower and much more budget friendly.

As with every large purchase you should shop around, compare prices and coverage. Once you have chosen a long term care insurance policy make sure to review if carefully and thoroughly. If you have questions don’t be afraid to ask either an insurance agent, your attorney, your doctor or family and friends who you trust.

Once you purchase the long term care insurance policy take the time to read it over once more to make sure the policy you have is the exact same one you paid for. You should also be aware that there is what is called a “free look” clause. This clause allows you to return your policy for a full refund if you change your mind or are not happy with the policy. Check with your insurance agent to find out how many days you have.

Catholic long term care insurance is available to help you choose the policy that fits your needs and your budget.