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What is Long-Term Care Insurance?

This is the second article in our series on different options available when it comes to paying for home care. HomeCourt Home Care accepts long-term care insurance and can help give you guidance on who to contact to get more information.

What is Long-Term Care Insurance?

This type of insurance helps to cover some of the costs of long-term care such as physical therapy, rehabilitation, in-home care or moving into an assisted living facility. Many seniors will require some form of long-term care at some point.


If you have significant assets and income and you want to protect them, you should consider buying long-term care insurance. If you want to pay for your own care and remain independent, this may be a good option for you.

If you have limited assets, your only source of income is a social security benefit, or can't afford the premiums, long-term care insurance may not be the best option for you. Consider looking into Medicaid Waiver. More information on that here: What is Medicaid Waiver? (

Where to Start

Here are some important questions to ask when you are gathering information on different policies:

  1. What services are covered?

  2. How much does the policy pay per day?

  3. How long will the benefits last?

  4. How long must I wait before preexisting conditions are covered?

  5. How long must I wait before benefits begin?

  6. Are Alzheimer's disease and other organic mental and nervous disorders covered?

  7. What is the age range for enrollment?

  8. What does the policy cost?

For a complete list of questions, visit Long-term care insurance policy checklist |

There are many options when it comes to paying for in-home care or long-term care. Don't face the decisions alone. Gathering information on what your options are ahead of time will help you be better prepared when it's time for you to take those first steps. For more information on long-term care insurance, contact your local insurance agent or financial planner.

Here are some local contacts that can give you more information:

As always, feel free to give us a call at (260) 333-1114 if you have questions about where to go to get started!


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