Nursing Home Insurance - Getting The Care You Need

Nursing home insurance is now called long-term care insurance. It is needed in case of a long term illness occurs that requires more constant medical attention that can’t be given at home. This is insurance for nursing, social, and rehabilitative services for people that need assistance because of chronic illness.

The medical attention needed for extended illnesses that are taken care of in a nursing home is expensive and so insurance is required to pay the costs. Plus, nursing homes require their payment when a patient is admitted.

Where to Purchase

You can purchase nursing home insurance from private insurance companies. To find providers that sell this insurance do a search on the Internet for “nursing home insurance." The results will be companies that sell long term insurance.

Other Tips

It is a good idea to have this because of the increased cost of nursing home care and purchase a nursing home insurance policy can provide at least a five percent inflation protection. This does involve a higher premium. The ability to pay for some of the elimination period may lessen the premium. The elimination period is a set time beyond a qualifying event and when the nursing home insurance coverage starts.

For people whose situation dictates a government-supported solution for getting this insurance go to http://www.medicare.gov/.

 

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