While health insurance provides essential coverage when it comes to common medical issues, will it be useful for a chronic or long-term illness? In many cases, the answer to this question is no, which is why many people are looking into long-term care insurance to cover significant health care needs that may arise in the future. Albers Insurance Agency in Cincinnati offers the following information so that their clients can make an informed decision on the coverage they need.

What Is Long-Term Health Insurance?

What It Covers

Long-term coverage goes beyond what standard insurance policies provide. This often includes expenses like in-home health care, which is essential for people who have trouble performing everyday tasks and chores. Long-term coverage also provides funding for rehab services, which are often needed after a surgery or extended illness. Consider that conventional policies will not provide funding for these needs and that outside financial assistance is only available to people with very low incomes.

Preexisting Conditions

People with preexisting conditions need to look into long-term health insurance carefully to ensure they are eligible. For instance, many policies exclude people with dementia/Alzheimer’s, Parkinson’s, or those who’ve experienced a stroke. When shopping for a policy, ask your insurance agent whether any medical conditions you currently experience will get in the way of securing coverage.

How to Tell if It’s Right for You

There are a few ways you can determine whether a long-term care policy is right for you. If you’re young and in good health, you may not feel the need to purchase this insurance. Be aware that premiums will be much lower in this case than when you’re older. Also, your current financial status should be considered as well. If you have little assets and a low income when you’re older, you may qualify for Medicaid.

If you have questions about long-term health insurance, Albers Insurance Agency can provide clear and concise answers. These Cincinnati agents will discuss your specific needs to determine the best insurance solution for you, whether you’re searching for protection for your home, your vehicle, or yourself. Learn more about the complete listing of products provided by this insurance agency by visiting their website. You can also call (513) 891-3304 to take advantage of 69 years of industry experience.