Long Term Care Insurance
Questions and Answers
I would only recommend going through an home care agency. There are agencies throughout the state of California. When you are searching for the right agency, keep in mind that the agencies that use W-2 employees are more likely to provide you with everything in their price. Using those type of... more
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In some states, you can be paid by Medicaid to provide home care services. Also, you can be paid by Long Term Care insurance as long as you qualify as a Home Health Aide. Check with your area agency on aging on Medicaid home care waiver programs.
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The answer is not so much a yes or no. It might be a strong maybe. There are several ways to get paid as a caregiver. Let me list a few and go into some of them for you...State run programs Long term care insuranceVA Benefits (Aid and Attendance)Drawing up a personal care agreement (Caregiver... more
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Long Term Disability Income insurance is to replace your income to would lose if you cannot work , where as Long Term Care insurance pays only if you cannot perform certain basic activities of daily living or have cognitive impairment, and is not to replace income, but to provide money to pay for... more
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Good Question! A lot of folks have the same question. I reached out to a good friend of mine, Seth Walsh, to help better explain this. They both cover you in case of an incapacity, but in very different ways. Long-Term Disability Income Insurance is designed to replace a large portion of your... more
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Assisted Living is not covered by Medicare, nor MediCal, so the only level available to them is a nursing home, or limited home care services under a waiver program.
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Just to clarify, I'm assuming you are interested in long term care and determining whether it is worth getting the insurance. The answer is it depends. You need to factor the age of your parents and their current health condition, which determines the monthly premiums. It is best to speak with a... more
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