Home Care Insurance Options
As a result of all of today’s healthcare technologies, the chances of living past the age of 100 are higher than ever.
There is a lot of information to sift through in the process of becoming properly informed of the availability of government health care for senior citizens, and whether there is coverage for the cost of long-term care. In Ontario, long-term care is not covered by the public health care system.
The Canadian government is not required to cover assisted living. Though support may be provided to families who are struggling, only a portion of costs will be covered. This means that a large portion of the costs associated with long-term care must be payed out of pocket by families.
What is Long Term Care Insurance?
Long-term care insurance affords financial protection should you become unable to care for yourself because of chronic illness; disability; cognitive impairment, such as dementia; or other age-related conditions that make engaging in daily activities difficult without support.
Long-term care plans cover the costs of nursing homes and chronic care facilities, or the costs of a home care provider.
There are two standard forms of long-term care insurance plans that exist. The first offers reimbursements for expenses that meet the eligibility requirements. The second form is an income style plan that offers a pre-determined monthly benefit amount.
Most plans include a waiting period before benefits become payable. Common waiting periods are between 30-90 days.
The life and health insurance industry works along with the public healthcare system by providing long-term care insurance for its citizens. Long-term care insurance is offered by many life and health insurance providers in Canada.
Contact us today to discuss the home care needs for you or a loved one in York / South Simcoe, or to book a Free Home Care Assessment with our Nurse.
We proudly serve the following communities in York / South Simcoe:
Newmarket, Aurora, Alliston, Tottenham, Beeton, Cookstown, Bradford – West Gwillimbury, Holland, Landing, Schomberg, Nobleton, King City, Mount Albert, East Gwillimbury, Ballantrae, Georgina.
Contact Us Today to Speak with a Home Care Specialist!
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