Long Term Care Insurance

Long Term Care Insurance (LTC) is coverage that provides nursing-home care, home-health care, personal or adult day care for individuals above the age of 65 or with a chronic or disabling condition that needs constant supervision. LTC insurance offers more flexibility and options than many public assistance programs.  LTC insurance can also be coupled with life insurance in many instances.  Steele Financial Services, LLC, is experienced in helping clients find the appropriate Long Term Care plan that works for them, their budget, and fits in with their overall financial plan.

Long-term care is very expensive, which is why most people need insurance. For example, on average, nursing facilities providing skilled care charge $150 to $300 per day -more than $80,000 a year or more. Even custodial home care at three visits per week can cost more than $9,000 a year. Most LTC insurance policies will cover only a specific dollar amount for each day you spend in a nursing facility or for each home-care visit. Thus, when considering an LTC insurance policy, Steele Financial Services, LLC, helps analyze the policies carefully and compare the benefits to determine which policy will best meet your own needs.