Long Term Care Insurance or Critical Illness Insurance is designed to relieve the financial burden caused by the need for care giver services that could result from illness, injury, or simply the onset of advanced aging. While most people think Long term Care is simply intended to cover the expense of assisted living, or nursing home facilities, it actually applies to much more. Lack of Long Term care Insurance could be the downfall of even the best thought out retirement strategy. Your Long Term Care Insurance Policy will guarantee you and your family are not over burdened by a sudden loss of income due to illness or accident. Ildiko Insurance Advisors are here to assist in making the correct decisions when choosing Disability and/or Long Term Care Insurance.
Your Long Term Care Insurance Policy will guarantee you and your family are not over burdened by a sudden loss income due to illness or accident. Ildiko Insurance Advisors are here for you to assist in making the right decision when choosing Long Term Care Insurance.
Long Term Care encompasses a huge array of services that may be required in the event of accident, illness, or simply growing older. Please note that Medicare or your Health Insurance usually has no provisions for Long Term Care.
Four main categories encompassed by Long Term Care Insurance are:
- Home Health Care
- Community Care
- Assisted Living Facilities
- Nursing Homes
Do you know what you what do if you were injured and could not return to work for a long while? What if you could no longer work due to an injury or disability? As we all do not like to think about such things happening in our lives we must be pro-active and ensure that we make arrangements and preparations in the likelihood that such things can and do happen in many people’s lives. Let us help you understand all the options that are available in such cases for disability insurance.
Use our handy Calculate Your Needs disability insurance calculator to see just how much money you or your loved ones would require to replace a paycheck or retirement income.
For More Information Call Today 772-221-0882
Ildiko Insurance Advisors, LLC
Independent Insurance Agents
Serving All Florida. Local agent for Martin County, St. Lucie County, Palm Beach County – Stuart, Palm City, Port St. Lucie, Vero Beach, Ft. Pierce, Sebastian, Jensen Beach, Hobe Sound, Tequesta, Jupiter, Palm Beach Gardens, West Palm Beach, Hollywood, Florida…
|Legal Notice Tax-Qualified Long-Term Care Insurance Policies In 1996 Congress passed the Health Insurance Portability and Accountability Act (HIPAA) which provided, in part, the criteria for establishing tax-qualified long-term care insurance policies. Essentially, HIPAA provided that benefits paid under a long-term care insurance policy would not be taxable if the long-term care insurance policy met minimum eligibility criteria. As a result of HIPAA, it is easy to tell which long-term care insurance policies are intended to be tax-qualified because there will be an identifying paragraph on the front page of the contract.|