Medicare Supplements & Long Term Care Insurance
Costs of participation in Medicare have increased since the beginning of the program, including:
- Deductibles and Copayments
- Monthly Premiums
- Uncovered Expenses
With these gaps in coverage the out-of-pocket expenses fall on you to cover. That's where a Medicare Supplement comes into play, we can help you get the right coverage to fill in the gaps. This coverage helps pay some of your share of the health care costs not covered by the Medicare Plan; such as deductibles and coinsurance or copayment amounts.
What is Long Term Care Insurance?
Long Term Care insurance (LTCi) is a product that is designed to pay for costs related to a partial or total disability you incur at any age. Typically it is considered an "older person" product but the numbers of middle aged Americans needing an LTCi product is climbing.
Who needs Long Term Care?
According to the American Association for Long-Term Care Insurance 22% of people aged 45-54 will apply for LTCi benefits. That number increases to 56.5% for people aged 55-64. Typically you can purchase LTCi starting at age 40.
How much does Long Term Care insurance cost?
The price depends on the type of policy you purchase and the options you consider important to you. There are many options available to customize your policy to suit your needs.