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|LONG TERM CARE
A major concern of many seniors and their families is how to cover the cost of long-term care and whether long-term care insurance is a smart investment. The following explains the plans that are available and whether getting coverage is The Right Call for you.
What is long-term care insurance?
Long-term care is not covered by Medicare so some individuals purchase long-term care insurance to help pay for the cost of care, should they need it. The first step is determining if this insurance is appropriate for your situation. If it is, shop around. No two policies are the same and several factors affect your cost and coverage – health status, risk factors, finances, preferences, age and family status.
Is Long-Term Care Insurance Right for You?
You should CONSIDER buying Long-Term Care Insurance if:
If, after careful consideration, you decide that long-term care insurance is right for you, check out a company and agent before buying your policy. Insurance companies and agents must be licensed in the state to sell long therm care insurance. If you're not sure, contact the Oklahoma Insurance Department at 1-800-522-0071.
|The State Health Insurance Counseling Program (SHIP)
is a non-profit organization helping to inform the public about Medicare and other health insurance issues. This division provides accurate and objective counseling, assistance, and advocacy relating to Medicare, Medicaid, Medicare supplements, Medicare Advantage, long-term care, and other related health coverage plans for Medicare beneficiaries, their representatives, or persons soon to be eligible for Medicare.
Call our help-line at 1-800-763-2828 for assistance.
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