1420 Holcomb Ave #102, Reno, NV 89502
(775) 273-6192
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Financing Private Home Care With Long-Term Care Insurance in Reno, NV

Find out more about paying for private in home care with long-term care insurance.

Comfort Keepers can help your senior loved one continue living independently right at home. Our services include personal care such as bathing, meal preparation, and other tasks of daily living. Working with our team of caregivers in Reno, NV, you’ll still be in charge of the care your loved one receives. If you are wondering what payment options are available for private home care, we can help.

One of the financial solutions is long-term care insurance. Due to long-term care costs, one can easily their savings and assets. Purchasing a long-term care insurance plan can minimize the financial and emotional impact on your family. This type of insurance is designed to cover long-term care services, which can be an enormous help when the time comes to pay for senior care.

However, coverage for long-term care insurance is expensive. Costs increase based on age and health. This is an important decision to make, so be sure to do plenty of research before you opt for insurance. Consult a financial advisor that is well versed in the field for guidance. Some policies cover specific types of at home care. Pay attention to the elimination period. This is also known as waiting time, which can last anywhere between 30 to 180 days. During this period, the covered individual will pay for his/her own care before benefits become available. It is important to know that the longer the elimination period, the lower the premium will be. Inflation is also something to consider, as it can increase premium costs. Many plans offer an inflation protection option that will protect your benefit amount from inflation.

Long-term care insurance can preserve savings and assets, help maintain one's financial independence, and relieve family and friends of future caregiving tasks. Given all of these factors, the cost may not seem so bad after all.

For more information on long-term care insurance and coverage for private home care, please contact our Comfort Keepers office in Reno, NV.

 

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