According to Maslow’s hierarchy of need, care is an essential need of human. After fulfilling basic and safety needs, next strong desire is having social relations. Care lies in both, safety and social needs. On average, long term care is considered as physical care when someone is in poor health. But fact is long term care in more ethically, mentally and spiritually than physically. Psychologically peaceful person can be cure easily than a mentally disturbed personality. Before describing benefits, core issues, and types of long term care insurance policy, let us take an overview about different types of care, which a human is needed usually.
It in most basic care service available in home. Everyone deserves this natural care through blood relations and spouse. Strong intangible relation among family members tempts to develop and sustain long term care for each other. This basic type of care is more intense when one of family member is suffering from bad health. Home care service grants strong moral support to someone so that he can perform complicated and hard tasks of daily life.
Community Base Care:
community base care means, someone needs more than natural homecare. This is social and ethical responsibility of his community to provide him moral and physical support. Government agencies and private social communities provide adult day care and hospice services to adult ones in community.
Hospice care services provide healthcare facilities to most senior citizens of community. These services can be provided in hospital but usually this service is granted at the place, where needy person lives.
Another form of community base care services is adult day care services. These are best alternate of home care. This service provides daily basic needs like meal, health consultancy, transportation and many other required services. Normally these are paid services and private agencies provide such services at contract base. Other distributers of these services are government and insurance companies.
Nursing homes and assisted living facilities are two major types of facility care services. Very frankly, nursing homes are becoming essential parts of someone’s daily life. Especially in USA, ratio of getting health and long term care services is above than average. Nursing home does not only means, availing health care services in sickness but also a place of care where people need normal care. These are also called rest homes. Such facilities are also commercialized and payable.
Long Term Care Insurance Coverage:
Long term care insurance in most broad type of insurance. A big mistake of understanding long term care insurance considering, it is a type of health insurance. Actually this myth is not true. Long term care insurance policy is taken by health people while health care insurance relates with sick and ill people. Long term care insurance emphasizes at care rather than cure. It does not only cover the cost of sickness but assist in daily life activities. Most common activities of daily living (ADL)are taking bath, cooking meal, dressing, transpiration etc. other long term care insurance coverage includes community based programs, described in the start of article. Visiting nursing homes and hospice services are also major coverage of this type of insurance.
Why People Hesitate to Get Long Term Care Insurance:
According to my research and analysis, many of myths are behind the psyche that people don’t feel the need of long term care. Common human behavior is, he does not think about getting care unless he suffers in mental or physical trouble. Once he is sick, health insurance covers him better than long term care. Mostly people think about their care in the age of 60, the age of retirement. Before it people don’t want to waste money by getting care insurance. Actually right time of getting this insurance policy is middle age. Premium cost is very low at this time, and person is just entering in the age where he will need long term care soon. Getting policy before its need it a wise decision. It is wrong concept that this insurance plan is established for old age people.
Another wrong concept, I never needed long term care insurance coverage. But the fact is, when he needs it suddenly, I mean when he suffers from unexpected bad situation, long term care policy is not available then. Research data shows that 44% of USA citizens are expected to enter in a nursing home before the age of 65.
Common Types of Long Term Care Insurance Policy:
With respect to taxation, there are two major types of long term insurance plans in USA. First is tax qualified and other is non tax qualified. Tax qualified policy is commonly offered by most of insurance companies. Policy holder cannot perform routine activities and he intensely needs an associate to help him in routine activities. Non tax qualified long term care insurance plans are very the minority. In this case, doctor advice a policy holder for medical care and insurance company will pay the patient against claim. Regarding with long term health insurance policy, three different coverage of nursing home are available. Intensive long term care includes complete treatment plan, healing from injury, medical consultancy with absolute care of patient. Insurance company pays all bills for curing and caring the patient.
Standard long term care includes caring of policy holder in routing activities. Insurance company pays for an assistant, who help him in bathing, cooking, transporting and other routing activities. Before asking for free online long term care insurance quotes, it is necessary to evaluate company’s goodwill and price after comparison among different local companies. Another key issue is terms and conditions decided among policy holder and company. Don’t take any decision without evaluation of all factors otherwise you will suffer in long term trouble rather than long term care.