Does Long-Term Health Insurance Cover Assisted Living?

June 9th, 2016 by John Wilson

Choosing health-related insurance is never an easy task, especially when it comes to the type of long-term coverage a person may need during the senior years. It can be difficult to predict the care that will be required as a person ages, especially now that the elder care model is evolving. Some long-term health insurance policies are more focused on what used to be the norm, in-home care until nursing home care is required, instead of today’s affordable assisted living options so you have to choose carefully.

Ask the Right Questions at the Right Time

Does long-term health insurance cover assisted living is a question that must be asked when evaluating your options. If you’re planning on taking advantage of one of the many affordable assisted living facilities in the Oklahoma City area, review the details of the long-term health insurance policies you’re considering carefully. As the old adage states, the devil is in the details. Many people have had to face the unpleasant surprise their long-term coverage simply isn’t in line with today’s wider senior care options.

However, with the rise of the assisted living model, long-term care health insurance policy providers are beginning to expand their options to include this successful care model. Policy details concerning affordable assisted living insurance coverage can vary widely between insurance policies so you have to read every word of the fine print. Don’t hesitate to ask as many questions as necessary to understand exactly what a policy you’re considering does and doesn’t cover.

Insurance can provide affordable assisted living.

Affordable assisted living may be possible with insurance.

Take Your Time, Weigh Options Carefully

Choosing a long-term care health insurance policy is a highly individualized process. There are many variables that can impact your choices, including health needs and financial position. Long-term care health insurance can be a smart move for many people, but it may not be the most practical solution for others. Always run the numbers before making a decision and never let a hard sell approach rush you into making a decision. Consider a hard sell a red flag.

A policy that is weighted toward nursing home and hospice care coverage with limited coverage for other options may be a good choice for a person with greater health care needs, but probably isn’t the best choice for a person entering their senior years in reasonably good health. Nursing home care is likely to represent a comparatively small part of that person’s overall long-term spending so a policy with affordable assisted living coverage could be more practical.

Choose the Right Fit for You

If you think long-term health care insurance is the right move for you, know what you want and be proactive in seeking a policy that provides it at a cost you can afford. That way, you won’t have to wonder or worry about whether assisted living is covered. Contact us to learn more about the specific policy details to look for when choosing insurance friendly to affordable assisted living facilities in the Oklahoma City area.

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