Many people require assistance as they advance in age. Paying for such assistance can be difficult for more people, which is why implementing long-term care insurance coverage is essential. In Brooklyn, residents have come to know and trust the insurance service provided by PFS Group, Inc. This respected agency offers a broad range of products, including insurance to pick up costs for nursing homes and other assisted living facilities.

Long-Term Care Insurance Coverage: What You Need to Know

1. Medicare Does Not Cover Costs for Long-Term Care

Unfortunately, Medicare only offers to fund a portion of long-term care costs. This usually amounts to about 12%, which falls short of the total amount needed to live in a nursing home on an extended basis. In fact, many insurance policies don’t cover long-term care costs, which can come as a shock to the recipients.

2. Nursing Homes Are Expensive

Along with a lack of coverage, you’ll also have to contend with the high price associated with most long-term care facilities. The total amount can sometimes extend into hundreds of thousands of dollars, which can be difficult to pay on your own. This is also true of in-home health care; while slightly less expensive than an assisted living home, having an in-home caregiver can incur an increasingly high bill, which many people are simply unable to afford.

3. Most People Will Need Long-Term Care in Their Lives

Also, it’s a real possibility that you will need long-term at some point in your life. Most people experience waning health as they age, especially if hospitalization is necessary. If you don’t have the proper insurance coverage in place, you will be tasked with paying for these services yourself.

No matter which type of insurance coverage you need, PFS Group, Inc. can provide a quality product suited to your life. Call (718) 385-5300 to learn more about what this Brooklyn based company can do for you. You can also visit them online to receive a quote for the insurance product of your choosing, including car and life insurance, as well as insurance policies suited to business owners.