Long Term Care Insurance

LTCI BENEFITS COVER THE COST OF HOME CARE

Many seniors have long term care (LTC) insurance policies that help cover the cost of home care.  These insurance policies were developed in the 1960’s, and became very popular during the 1990’s and early 2000’s.  They have been offered through insurance agents and as an employee benefit.  While there are fewer companies offering LTC insurance today, millions of Americans have active policies.

LTC insurance policies cover the cost of home care services.  The policies typically require the client to need assistance with Activities of Daily Living (ADL’s).  ADL’s include bathing, dressing, grooming, feeding, transferring, and toileting.  LTC insurance companies also recognize the need for meal preparation, medication reminders, transportation, and memory care.  Requirements and coverage vary by insurance company and by policy.

SYNERGY HomeCare works with, and accepts payment from, all LTC insurance companies.  Once service is established, the process flows very smoothly.  We work with the LTC insurance company to set up service and remove pain points for clients.  The LTCI company can even pay us directly through an Assignment of Benefits.

National LTC insurance providers include Genworth Financial, John Hancock, Unum, Washington National Insurance Company, Mutual of Omaha, New York Life Insurance Company, State Farm, and Northwestern Mutual Insurance Company.