Long-Term Care Insurance in Loganville, GA

You're working hard and investing today so that you can have a comfortable lifestyle in your retirement. Long-term care insurance coverage is another great opportunity to help you fulfill your dream of a happy life.

At Acuff Financial Services, we will guide you through getting a long-term insurance cover to help you care for your needs in case of an accident, illness, or old age. This type of insurance will help you protect your savings, income, and investments while taking care of your needs when you're unable to perform normal chores by yourself. Its coverage will enable you to get the pay benefits of the insurance as soon as you or your family members need it.

Medicare and private insurance policy might also not pay for your long-term care because it is too costly. We will help you get the right long-term insurance coverage to cater to your costs and save money when receiving this kind of necessary care.

Benefits of Having A Long-Term Insurance Coverage

Eligibility of Long-Term Insurance Coverage Doesn't Depend On Age

To qualify for a long-term insurance cover, your age is not important. The calculations cost will depend on your personal health history. It has fewer restrictions, and you can choose to start your insurance plan immediately after your employment in your 20s or 30s or later at 50 or 60 years of age. Most people also start their insurance plan as an added job benefit through their employment and retirement via monthly premiums.

It's An Additional Safety Net

Long-term care insurance coverage provides an additional safety net not available in Medicare or private health insurance cover. Whether you have a chronic medical condition or a disorder like Alzheimer's disease, and you're receiving in-home care, in assisted living facilities, or at a nursing home, it will reimburse you and help cover the costs.

In addition to covering care expenses, a long-term care policy will also enable you to pay the cost of drugs which sometimes can be a very expensive medical expense. This will be very helpful, especially when Medicare is only covering basic drug needs.

Long-Term Care Insurance Has Tax Advantages

Long-term care policy premiums can be tax-deductible on your tax return annually if you decide to itemize deductions. This is because long-term care insurance qualifies as medical insurance and health costs. You can reduce your annual tax liability in the difference if the medical expenses in a year are over 10% of your income. Its policies also offer inflation protection when insurers pay claims at later times. At Acuff Financial Services, we have a team of experienced certified tax advisers who will look into your case and help you get a tax-qualified policy.

How To Get Long-Term Care Insurance

You can choose to buy the long-term insurance policy from an insurance agent, insurance company, or work. Some employers provide opportunities to buy these insurance covers at group rates from their brokers. At Acuff Financial Services, we have helped many clients get quality and convenient insurance covers at fair prices.

How Long-Term Care Insurance Works

You'll be required to fill an application and provide answers to different health questions. You might also be required to provide medical records and also arrange for a face-to-face or phone interview.

You will then have to choose the coverage amount and most policies cap the amount required to pay daily as well as during your lifetime. Upon getting approval, you'll be issued with your LTC insurance policy and you can now start to pay premiums.

For most long-term care policies, you qualify to receive pay benefits if you suffer from severe cognitive impairment such as dementia or can't perform at least two out of six ADLs or “activities of daily living” independently. These ADLs include:

• Eating.
• Dressing.
• Toileting (getting on or off the toilet).
• Bathing.
• Caring for incontinence.
• Transferring (getting in or out of a bed or a chair).

Most policies have an “elimination period,” which is a period that you'll pay for long-term care services for a specific time such as 30, 60, or 90 days before the insurer reimburses you for care. The policy will pay claims after the policyholder becomes eligible for benefits and receiving paid care for that time. Most policies will pay up to the limit daily until reaching the lifetime maximum.

Some companies provide shared care options for married couples when both of them have bought policies. You can share the policy's total amount if you reach the limit on your coverage by drawing from your spouse's benefits.

Why Choose Acuff Financial Services For Your Long-Term Care Insurance Coverage

We will help you get peace of mind by providing you with the best long-term care insurance policy that also has shorter elimination periods, is convenient, and is of great quality. We will help you get the best quote for your long-term care insurance policy that will enable you to save money.

Long-term care is a vital decision, The American Association for Long-Term Care Insurance always advises people to work with experienced insurance professionals. At Acuff Financial Services, you'll get the best professional care possible that will enable you to get the most quality and convenient insurance policy in Loganville, GA.

Contact us to help you get a quality long-term care insurance policy.