Long Term Care Insurance
Protect your savings and assets from the potentially substantial costs of extended healthcare services and nursing home care as you age.
Security as You Age
At Manna Insurance, we know there is a risk of needing assistance with daily activities or extended medical care as we age.
Without long-term care insurance, the financial implications can be staggering, potentially depleting your lifetime of savings and assets.
We will help you ensure that the cost of services like home healthcare, nursing home care, or assisted living is covered, preserving your financial security and independence during your senior years.
Long-term care insurance is not just an investment in your financial well-being but also in your peace of mind, guaranteeing that you can access quality care without compromising your financial stability. And it offers relief to your family members, sparing them from shouldering the financial and emotional burden of caregiving.
So what coverage do I need?
A Safety Net For Your Golden Years
Nursing Home Care
Long-term care insurance typically covers the cost of nursing home care when you require assistance with activities of daily living (ADLs), such as bathing, dressing, or eating. It ensures you have a comfortable place to receive professional care when needed.
Assisted Living Facilities
If you prefer a more independent living arrangement with some assistance, long-term care insurance can also cover the expenses of assisted living facilities. These facilities provide a combination of housing, meals, and support with daily tasks.
In-Home Care
Many people prefer to receive care in the comfort of their own homes. Long-term care insurance often includes coverage for in-home care services, such as personal care aides or skilled nursing visits.
Adult Day Care Services
Adult day care centers offer social, therapeutic, and health-related activities for individuals who require supervision and assistance during the day. Some long-term care policies may cover the costs of these services.
Memory Care Units
For individuals with Alzheimer's disease or other forms of dementia, long-term care insurance may cover the specialized care provided in memory care units within assisted living facilities or nursing homes.
Ways to Save on Long Term Care Insurance
Purchase long-term care insurance when you are younger and healthier, as premiums tend to be lower for those who buy policies at a younger age. Waiting until you're older or have health issues can result in significantly higher premiums or even ineligibility.
Start Early
Explore hybrid long-term care insurance policies that combine long-term care coverage with life insurance or annuities. While these policies often require a lump-sum premium, they can provide benefits even if you never require long-term care, making them a potential cost-effective option.
Consider Hybrid Policies
We will help you choose a coverage level that aligns with your financial situation and potential long-term care expenses. You can also consider factors like the average cost of care in your area and how much you can comfortably self-insure.
Choose the Right Coverage
Frequent Questions About Long Term Care Insurance
Insurance can be complicated and confusing. We’re here to help answer your most common questions about long term care insurance coverage.
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Long-term care insurance is a type of coverage designed to help pay for the costs of extended healthcare services when you can no longer care for yourself independently. These services may include assistance with activities of daily living (ADLs) and care in various settings.
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It's generally recommended to consider long-term care insurance in your 50s or early 60s when you're still in good health. Purchasing it earlier can result in lower premiums. Waiting until you have health issues can make it more challenging to qualify for coverage.
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Yes, many long-term care insurance policies have a waiting period (also known as an elimination period) during which you're responsible for covering the costs of care. This waiting period can vary, and you can choose the duration when purchasing the policy.
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Long-term care insurance helps cover a significant portion of long-term care expenses, but it may not cover everything. Policies have benefit limits, so it's important to understand what is and isn't covered and plan accordingly.
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Yes, many long-term care insurance policies include coverage for in-home care services, allowing you to receive care in your own home. This can be a preferred option for many individuals.
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If you don't end up needing long-term care during the coverage period, some policies offer a return of premium or other benefits, while others do not. It's important to review the policy terms and conditions.
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Yes, you can often purchase long-term care insurance for your spouse or partner as part of a joint policy. This can provide both of you with coverage while potentially reducing the overall cost.
More Coverage Options
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Short Term & Long Term Disability Insurance
Protect your income and financial stability in case an illness or injury prevents you from working.
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Life Insurance
Secure your legacy with comprehensive life insurance solutions for you and your family.
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Retirement Planning Insurance
Safeguard your financial future, ensuring a comfortable retirement by protecting your savings and income during your post-work years.
Kind Words from Our Customers:
Welcome to the Family
As a Manna Insurance customer, you are not just a number to us. We see you as part of our family and all that goes with being part of the #MannaFam.