Facility Only Policy
A Long-Term Care policy where benefits are only paid if the policyholder is receiving care in a licensed facility, e.g. a Nursing Home or Assisted Living Facility.
Life expectancy is increasing in the US and the rest of the world. The extra years of life is bringing more years of ill health. With more people needing care much of this care is not in a nursing home.
Most long-term health care is delivered in-home. Like nursing homes, memory care facilities, and assisted living, the costs are expensive. Planning with an LTC policy is the easy solution.
People with long-term care insurance are receiving a majority of their benefits outside a nursing home according to a new study from the American Association for Long-Term Care Insurance.
When people think long-term care many think about nursing homes. While most long-term care is provided outside a nursing home, these facilities are costly. Advance planning is essential.