The last thing you need to worry about when dealing when battling with long-duration illnesses is how you’re going to cover all of the costs. Long-term care insurance Greenville NC may be the solution for you, but many people don’t know the details surrounding long-term care, such as what is covered, how much it costs, and where it can be purchased.
Oddly enough, long-term care generally doesn’t actually cover your treatment for your ailment. Instead, long-term care insurance Greenville NC covers the associated, but not necessarily direct, costs. For example, if you have an illness that inhibits your ability to move and properly care for yourself long-term care insurance could cover multiple different aspects. Coverage may include at-home care, nursing care, therapy, rehabilitation, daily task assistance (like bathing and dressing), and more. Long-term care can also help people who have shorter-term terminal illnesses. If you have a terminal illness, your long-term care insurance may cover hospice care to make you as comfortable as possible.
The cost of your long-term plan inevitably depends on a variety of factors. The most prominent, of course, is the insurance agency near me that you decide to go with. However, beyond the initial decision of which agency, your age at the time of purchasing makes a large impact, too. The difference between your annual premium at age 55 and age 65 can be nearly $1000, with the average cost for a 55-year-old couple pushing just over $3000 yearly. These aren’t the only differences, though. Women also generally have a higher annual premium than men. This is heavily reliant on the fact that, since women typically live longer lives, their need for care is likely to end up being more expensive. However, purchasing a long-term insurance NC for individuals plan is more expensive than buying it as a couple. So, purchasing as a couple and at a younger age can save you money in the long run.
If you’ve been considering purchasing a long-term insurance plan, it’s best not to wait. As you age, your costs may go up and any health issues that develop can also drive up annual prices. Luckily, Alexander Financial Services is here to help. Our dedicated team makes sure you get premium care at reasonable prices for as long as you need. To get started on purchasing your insurance Greenville NC plan, visit Alexander Financial Services and get your quote today!