Long-term care insurance can help you to cover the costs associated with your care as you get older and need help with everyday activities: dressing, bathing, and eating. Also, it includes special care for patients with Alzheimer’s, Parkinson’s and dementia. Our experienced agents will help you find the best long-term healthcare options that will fit your needs and budget.

What is Long-Term Care Insurance?

Protecting Your Future

Long-term care insurance is an insurance policy that provides the comfort of knowing that when needed, you will have money for a nursing home, home-healthcare, and personal or adult daycare.

Fortunately, with long-term care insurance, you can ensure that you enjoy the quality of care you deserve. Also, financial stress, caused by the high cost of daily care associated with a disabling or chronic condition, can be eased.

With long-term care insurance expenses can be reimbursed for services that aren’t included with standard healthcare insurance, Medicare, supplemental insurance, or an employee group insurance plan. Even better, some long-term care plans can be wrapped into a life insurance policy. These hybrid plans provide a death benefit amount for beneficiaries should long-term care never be needed.


How Does Long-term Care Insurance Work

Our The Insurance Hub licensed agents will walk you through the factors to consider when looking at long-term care insurance including how premiums are calculated. Factors that can affect the price of a policy include your current age, health, marital status, gender, and the type of policy you would like.

Because age is one of the factors that affect the price, many people shop and purchase long-term care insurance in their 50’s or early 60’s.

Your premium will also depend on your personal preferences and financial resources, such as the maximum daily benefit level, the length of stay your policy will cover, and any waiting periods before coverage becomes available.

Our licensed specialists will help you find a long-term care plan that is the best one for you and your budget.


Who Needs Long-Term Care?

Protecting Your Future

No one wants to be a financial burden on their loved ones. Unfortunately, it happens too often when diagnosed with a chronic medical condition, disability, or a disorder like Parkinson’s or Alzheimer’s. As with most insurance policies, you must consider purchasing it before you need it, as policies become prohibitively expensive or even not available once you know you need it.

Don’t wait until you have been diagnosed as it’s probably too late.

Typically, an insurance policy will begin reimbursing when the policy owner can’t perform two of the following activities of daily living on their own: moving from a bed to a chair, bathing, dressing, eating, using the restroom, continence.

According to US Department of Health and Human Services (www.longtermcare.gov) statistics, 70% of people turning 65 can anticipate using some form of long-term care during their lives. Long-term care insurance is ideal for people who want to control the type of care they will receive in their future and have the financial resources for it.


What Should I look For in Long-term Care Insurance?

This will vary depending on your situation; however, you’ll want to consider whether the coverage pays benefits for care at home as well as an institution. Long-term care insurance plans that exclusively pay for care at a facility may require you to live there even when you could be cared for at home.  You’ll also want to be certain that the definition of nursing home care is clear and provides whether the nursing home you use is classified as skilled, intermediate care, or respite.

Other considerations are guaranteed renewals and inflation riders.  The Insurance Hub insurance agents will take the time to understand your specific situation so that you can make an informed decision.


Why Choose The Insurance Hub?

Since 2012, Bradenton’s The Insurance Hub has been dedicated to helping people from diverse backgrounds navigate the complexities of the insurance industry.  Our dedicated team of experts’ goal is to help every person enjoy the peace of mind and health that is associated with the best insurance coverage.

As you’d expect from a full-service insurance agency, at The Insurance Hub you’ll find experts specializing in many types of insurance. But what makes the agency so much more than a traditional insurance agency is its people. When you meet with one of our agents you feel valued, important, and confident that you are making the right long-term care insurance decision. This personalized one-on-one consultative approach is the cornerstone of the organization.

Our agents are ongoing students of the frequently changing complexities of the long-term insurance industry. The Insurance Hub agents are credentialed with quality insurance carriers, and as such, can recommend the best plan for individual needs and wants. They educate you and walk you through the options that you have available to be financially prepared to enjoy the level of care you deserve. Our clients love the comfort and wellbeing they feel when provided with our agent’s guidance and expertise.

The Insurance Hub offers a free personal consultation. Secure your long-term care coverage now. This will allow you to be prepared and financially protected.



According to the Internal Revenue Service (Publication 525), long-term care insurance is treated much like health insurance and the premiums paid generally are tax-deductible. However, you must consult with an income tax expert who understands your specific tax-filing situation such as whether you itemize.

Medicaid provides long-term care coverage to eligible individuals who meet certain asset and income requirements. Before you rely on Medicaid, you must understand how this income requirement applies to you. You’ll also want to be certain that you will receive the type of care you desire when you need it most. Do your research on the facilities that accept Medicaid and ask specific questions as to what you can expect as a Medicaid financed resident.

Factors, such as your age when you purchase your policy as well as your health history, current health, hereditary health history, marital status, gender, and personal preferences for care will affect your insurance premiums.

Costs for individual plans can vary widely and may be difficult to estimate without speaking with a licensed insurance agent.

Financial advisors will generally say that the optimal age to purchase long-term care insurance, assuming you’re still in good health and eligible for coverage, is between 60 and 65. This assumes that you are generally healthy, and you don’t have hereditary problems that can affect your premiums.

A long-term care insurance inflation protection rider will ensure your benefits keep pace with inflated long-term care costs. With most policies, even though your benefits are increasing each year, your premium does not automatically increase when you add an inflation protection rider.
The Insurance Hub agent will guide you through the decision-making process so that you will feel confident you are making the right decision

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