When you talk about long-term care, there are different companies involved in the process of providing this service.
Insurance Compaies
One of the best ways to insure you will be able to pay for care is to get a policy with a large insurance company that sells long-term care policies. These policies are federally tax qualified. Although, to get this tax qualification certain provisions must be present in the policy. Not all companies have the same polices or criteria for excepting applicants. The easiest way to find out what is appropriate for you is to see an experienced insurance agent certified to sell long-term care policies in your state.
Facilities
There are different types of long-term care facilities. These are assisted living facilities, also known as residential care facilities and nursing homes. All these facilities vary greatly in terms of cost and quality. A provision most policies have is to provide a certified at the state level.
Home Care
Another alternative for receiving care is home care. Home is where most people who need care receive that care. Home care agencies also vary greatly in cost and quality. If you have a long-term care insurance policy, the care coordinator will know the reputations and costs of the care-giving agencies in your area.
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