Long-term care is something that does not necessarily start late in life. Unfortunately, illness or injury can strike at any age and leave people and their families struggling to provide what their loved one needs. Because people are living longer than they did in the past, medical needs can far exceed what many expect. This is why an LTC Insurance Plan in Texas can save lives and make everything easier for everyone involved.
Government programs like social security, Medicaid and Medicare provide some coverage for the care of ill or disabled people of all ages. These programs are helpful, but they are not enough. Often they will not provide enough to cover the costs of a nursing facility, at-home providers or even medication. Since a private nursing home can charge $100,000 or more per year, it is easy to see how quickly any savings can disappear, and families can become bankrupt.
Medicare programs provide limited options because many facilities will not accept this type of payment and to be qualified to receive help the recipients can have only a limited amount of assets. Medicaid only covers up to 100 days of care in a nursing facility. The average length of a stay is just over two years for those who are at the home until they pass away, and eight months for those recuperating before returning home.
An LTC Insurance Plan in Texas is there to cover these expenses when the need arises. The premiums on policies are the most affordable for those who purchase policies while they are still young and healthy. The terms of the plans can vary, depending on what the client prefers. This includes the amount the policy will pay per day as well as the length of time that will be covered. Additional differences can also include what type of services are covered and what illnesses may prevent people from attaining a service.
MyersYounger LTC offers this type of insurance care. They are able to answer any questions potential clients may have regarding this type of coverage. The company works hard to help everyone get the policy that will suit their needs and their budget the best.