Planning Ahead: Understanding Long-Term Care Insurance for Senior Living
As our loved ones age—or as we plan for our own futures—one of the most important conversations we can have is about long-term care. Many people assume health insurance or Medicare will cover the cost of assisted living, memory care, or skilled nursing—but that’s not always the case. That’s where long-term care (LTC) insurance can help.
What Is Long-Term Care Insurance?
Long-term care insurance is designed to cover services that assist with daily living activities like bathing, dressing, or eating—services typically not covered by regular health insurance. Policies may help pay for care in a variety of settings, including:
• In-home care
• Assisted living communities
• Memory care centers
• Nursing homes
• Adult day care services
The Benefits of LTC Insurance
1. Financial Relief – Senior care costs can quickly deplete savings. LTC insurance helps offset these expenses and preserve your assets.
2. More Care Options – With financial support, families have more flexibility to choose the right level and location of care.
3. Peace of Mind – Knowing there’s a plan in place can reduce stress for seniors and their families.
Know the Limitations- there’s pros and cons to consider.
However, not all policies are created equal. Here are a few things to watch for:
• Waiting Periods – Most policies have an “elimination period” (often 30-90 days) before benefits kick in.
• Daily or Lifetime Limits – Policies may cap how much they pay per day or over a lifetime.
• Coverage Gaps – Some assisted living communities may not meet the criteria for reimbursement under certain policies.
• Premium Increases – Rates can rise over time, and if premiums aren’t paid, coverage can lapse.
How Family Ties Senior Placements Can Help- we know people!
Navigating LTC insurance can be overwhelming—especially when you’re also trying to find the right place for your loved one. That’s where Family Ties Senior Placement Services comes in.
Our team of experienced senior living advisors works directly with families to:
• Review your LTC insurance policy
• Identify communities that accept and comply with your specific policy
• Coordinate with providers to ensure documentation and eligibility requirements are met
• Save you time, stress, and unnecessary expenses
Our Senior Living Advisors don’t just match you with any community—we help narrow the search to places that honor your long-term care benefits and meet your loved one’s care needs, budget, and preferences.
Be Proactive!
The best time to explore long-term care insurance is before it’s needed—ideally in your 50s or early 60s when premiums are lower and you’re more likely to qualify.
If you live in Nebraska and want to check your LTC insurance provider or policy status, you can visit this helpful resource from the Nebraska Department of Insurance:
Check Long-Term Care Insurance Providers – Nebraska DOI
At Family Ties Senior Placement Services, our Senior Living Advisors guide families every day through the complexities of senior care. Whether you’re reviewing your coverage, choosing the right community, or just starting to explore options, we’re here to help.
Let us be your trusted resource. Reach out today and let’s walk this journey together- we can connect you with trusted insurance providers licensed in NE and IA.
