Home Health Services & Long-Term Care Insurance in Anderson, SC
Comfort Keepers of Anderson, SC explores different funding options, including financing home health services with long-term care insurance.
Caring for your loved one by yourself can be overwhelming. It can be both time-consuming and quite expensive, especially in the case of an emergency health crisis. This is a huge responsibility and can take over much of your life. It is important to know you have other home health services options too. Comfort Keepers of Anderson, SC, can help you and your senior loved one by providing assistance with activities of daily living, allowing your loved one to continue living at home and remain independent.
Long-term care is becoming more expensive. With the potential financial risk of unexpected illness and injury, buying long-term care insurance seems like a wise decision. It can provide you a certain degree of safety. Although expensive, coverage for long-term care insurance is still much cheaper than saving and paying for a home health services emergency out of pocket. According to The Wall Street Journal, a 55-year-old single adult can expect to pay $2,065 a year for $162,000 in benefits with a 3-percent compound inflation protection (this increases your benefits to compensate for inflation). Keep in mind that premiums increase with the age of the purchaser. It's easier and cheaper to buy long-term care insurance before health issues arise. You can also protect your home budget if you choose a policy that has an inflation protection option, which ensures the premiums do not increase over time or at least limits the rate at which they do increase.
Before purchasing a long-term care insurance policy, you should be certain that the costs are within your means. Not all long-term care insurance policies are the same. There is a wide variety of options. By doing research and comparing plans, you can choose an option that will fit both your needs and budget.
If you would like to learn more about long-term care insurance for home health services, please contact our Comfort Keepers office in Anderson, SC.