What is Long Term Care Insurance?
It is a tax free income stream, separate from your retirement or investment assets, which pays for long term care services, thereby protecting lifestyle and legacy.
As medical costs soar and government programs such as Medicare and Medicaid become marginalized, there are huge gaps in coverage for the costs associated with long term care. Private long term care insurance provides a cost-effective and comprehensive way for people to have a choice in where and how they want care provided.
Long Term Care Insurance helps cover or defray the cost of care. These policies pay for those costs not covered by health insurance, Medicare, Medicare Supplements and Medicaid including :
· Custodial Care
- help with bathing
- help with dressing
- help with transferring
- help with toileting
- help with eating
- help with continence
- and help with supervision for cognitive impairment such as Alzheimer’s and other dementias
· Skilled Care from certified professionals for extended periods of time.
- Physical Therapy
- Occupational Therapy
- Speech Therapy
- Bullet Care in Any Setting including:
- Home health care
- Daycare programs
- Assisted living communities
- Facility care including nursing homes
Why Long Term Care Insurance?
As longevity continues to rise due to medical advances and healthier lifestyles,
more Americans will need long term care.
Once you reach age 80, there is an 80 % chance that you will need long term care in your lifetime.
One of the biggest concerns we hear from our clients is that they don’t want to become a burden to their loved ones, either physically or financially. Long term care insurance ensures that the costs of care not covered by your primary insurance or Medicare are taken care of.
Long term care costs are the largest unfunded risk to a client’s nest egg and retirement portfolio.
LTC Insurance helps families avoid conflicts and protects well spouses and those aging solo. In other words, LTC Insurance brings with it, peace of mind, dignity, quality of life and choice of care.
As national experts and independent brokers, we are fiercely client focused and affiliate with all the leading LTC Insurance carriers. We analyize the myriad options in plan design and our analysis is transparent and comprehensive between and among the carriers.
We navigate the LTC marketplace to optimize successful outcomes and confident decisions. Our style is consultative and educational, and our service is from “conversation to contract “.
Natalie Karp, MBA, CLTC and Rona Loshak, MBA, CLTC are highly accredited, award winning specialists in all aspects of LTC Insurance and LTC Insurance Planning. They are a Goldman Sachs 10,000 Small Business, Women and Professional Achievers’ Honorees and recognized by The American Association of Long Term Care Insurers as top professionals.
Karp Loshak LTC Insurance Solutions is well regarded for our educational platform and consultative approach. Recognized by national and local media, recipients of citations and congressional recognition, we are a trusted resource for consumers and professional advisors.