How Asset Care Works for LTC
What is Long-Term Care (LTC)? LTC consists of various services, including medical and non-medical care, for people who experience a disability or have a chronic illness; most of the time this long term care is used to help meet health or personal needs.
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The cost of LTC can vary based on a great deal of different things like the kind of care needed, the setting of the services, and geographical location. LTC can be provided at home, in the community, or in assisted living or nursing homes.
One ideal way to help fund LTC is with the use of Golden Rule Asset Care and LTC insurance. In general, LTC assists people by supporting them in their daily lives with activities like bathing, dressing, and toileting, among other things.
Most of the time, federal health insurance like Medicare doesn’t pay for long term care. If you happen to meet certain conditions, Medicare will only cover LTC services in a medically necessary nursing facility or home health care situation.
Medicaid is another form of federal health insurance coverage designed for low-income people, including senior citizens (65 and older), however, there are stringent income limitations and that's where Golden Rule Asset Care and LTC coverage can come into play.
Asset Care is whole life insurance that allows for 100% payment of the death benefit for long term care expenses. It is underwritten and issued by Golden Rule Insurance Company in Indianapolis, Indiana or The State Life Insurance Company.
Golden Rule describes asset care as an approach to LTC that combines life insurance, cash accumulation, and LTC insurance into one package. With the astronomical rise of the overall health insurance rate these days, this is good news for people in need of LTC.
The personal money management approach of Golden Rule Asset Care and LTC has inspired positive reviews from planners and their clients as well as the national press. It's considered an ideal investment, whether long term care is needed or not.
You may never need long term care. But isn't it smart to consider all your future options, including the possibility of needing long term care?
Plan ahead by viewing current information on long term care insurance.html: Golden Rule Asset Care and LTC can make a difference in your future!
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