Shopping for Long-Term Care Insurance

Article submitted by Robert N. Frank, of Mutual of Omaha.
For more information, he can be reached at 877-984-0222 ext. 241, or by e-mail: robert.frank@mutualofomaha.com.

That's what you told your kids. Now it's time to follow your good advice. If you're shopping for a long-term care insurance policy, you'll discover that all insurance plans are not alike. That's why it's so important to do your homework.

Long-term care is much more than nursing home insurance. Many people are looking for ways to ensure they can enjoy their golden years at home, so they need a plan that provides coverage for in-home medical and professional services. For others, a primary concern is how to pay the high cost of nursing home care. You have a lot of choices when it comes to long-term care insurance.

So here are some things to consider when shopping for a plan.

• Does the plan pay for care you receive at home or in an adult day care facility?
• Does the plan pay the daily benefit amount, for nursing home care, Regardless of the actual expense occurred?
• Does the plan pay benefits for care provided by a family member Or friend?
• If you and your spouse are covered by the plan, will the premium be waived should one of you should die?

Long-term care insurance is an important subject so do your homework and look for a no-obligation assessment from a professional.