Results for tag: "Long Term Care Insurance"

Long Term Care Insurance (LTCI) is a type of health insurance that helps cover the costs of long-term care services. It is designed to provide financial assistance for individuals who need help with activities of daily living, such as bathing, dressing, and eating. LTCI can also cover the costs of home health care, assisted living, and nursing home care. It is important to note that LTCI is not a substitute for health insurance, but rather a supplement to it. LTCI is typically purchased as an individual policy, although some employers may offer it as part of their benefits package. Premiums vary depending on the type of coverage and the age of the policyholder. Generally, the younger the policyholder, the lower the premiums. Some companies in the LTCI market include Genworth Financial, Mutual of Omaha, John Hancock, and Northwestern Mutual. Show Less Read more