Long-term Care Plans
Millions of Americans are leading increasingly longer lives—and when you live longer, there's a higher risk of needing Long-term Care Insurance (LTC).
Our agency offers a full array of policies for long-term nursing and home health care. As a result of an accident, illness, disease, and aging, LTC will pay for assistance with basic daily activities of living such as bathing, dressing, mobility, and eating in addition to items such as cooking, cleaning, laundry and personal care.
The average length of a LTC claim is three years. Neither health insurance nor disability insurance pays for LTC services. Government programs such as Medicare only covers short periods of care, and Medicaid covers only those with few assets, and usually only in approved nursing homes versus the options available through LTC such as assisted living centers, adult day care, and services provided in the home.
Long-term nursing & home health care policies can be purchased individually or on a group basis. When purchased by the employer, employers can deduct the premium and employees receive the benefit 100% tax free.
The OSMA Insurance Agency works with an independent LTC specialist to provide personalized consultation and we have access to many quality carriers.