Types of Long Term Care Insurance
There are several types of long term care insurance services available to assist you with personal care as you age. At Schneider and Shulman Associates, we offer comprehensive policies that include Skilled Care, Intermediate Care, Custodial Care and Home Care benefits. Our team will help you understand the details and benefits with each of the following policies and our long term care insurance brokers with develop a custom solution to fit your coverage needs.
Skilled Care Insurance
Skilled Care Insurance is medically necessary care provided by licensed professionals, such as nurses and therapists, working under the supervision of a doctor. Individuals typically need Skilled Care Insurance when they are recovering from a serious illness or injury and require daily care.
Intermediate Care Insurance
Intermediate Care Insurance also requires supervision by a physician and skilled nursing care, but it is needed only intermittently. Individuals typically need Intermediate Care Insurance when they are recovering from an injury that requires care, but care is not provided on a daily basis, such as a broken ankle or leg.
Custodial Care Insurance
Custodial Care Insurance covers nursing home services. The benefits of this policy cover mainly room and board plus payments for assistance with the activities of daily living (ADLs). Individuals typically need Custodial Care Insurance when they require assistance with daily activities like dressing, bathing, eating, toileting, continence and transferring.
Home Health Care Insurance
Home Health Care Insurance benefits may range from homemaking and chore services to occupational therapy and laboratory services, depending on the specifics of your policy. Individuals typically need Home Health Care Insurance when they can no longer complete tasks related to bathing, cooking and transpiration on their own.
Visit our Glossary to learn more about Long Term Care policies and other need-to-know terms.