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Nursing Home and Home Health Care Insurance Now Available

Nursing Home and Home Health Care Insurance Now Available

If you or a loved one are over age 50, you may have considered some type of long-term care insurance policy. It’s a wise discussion to have. As we age and become more prone to illness and accidents, the likelihood of needing assisted health care after surgery or a serious illness increases.

According to the Department of Health and Human Services, 70% of people over 65 will require some form of long-term care in their lifetime.1 This could include skilled nursing, assisted living or home health care.

Won’t my Medicare or major medical insurance cover this?

While traditional health insurance or Medicare may cover some of these costs, their limitations won’t likely provide full coverage for the steep expenses associated with assisted care. This leaves many individuals and families with profound out-of-pocket expenses. The median annual cost of a private room in a nursing home is over $100,000 per year,2 and the average cost of home health care not covered by Medicare is $50,000 per year.3

Short-Term Care Insurance: Affordable and Convenient
Depending on your situation, a short-term care insurance policy may be a good safety net for you. Short-term care insurance is an affordable, accessible type of long-term care policy that covers assisted care costs for up to 12 months. It also pays in addition to Medicare or any other health insurance you may have, so you can focus on a full recovery without worrying about expenses or burdening family for care.

Benefits of Short-Term Care Insurance

  • Short-term care insurance offers a flexible elimination period, which means benefits can be available to you on the first day you need them.
  • If you’re at an age where long-term care is no longer affordable, short-term care provides a reasonable alternative.
  • The application for short-term care insurance is simpler and doesn’t require a health exam.
  • Unlike long-term care, you can use short-term care insurance to supplement the limited nursing home benefits offered by Medicare.

Learn More About a Nursing Home and Home Health Care Policy Through Platinum
One of the many benefits of meeting with you, and all of our customers, at the kitchen table is the open conversations we are able to have about the real challenges you face regarding your health and health care coverage.

After hearing from many of our customers about overwhelming out-of-pocket costs for necessary assisted care, we went to work designing a short-term care policy that answered these problems with industry-leading benefits.

The result is a policy that offers significant benefits, such as:

  • Care in a nursing home, assisted living facility, Alzheimer’s facility, adult day care or hospice.
  • Home health care.
  • Durable medical equipment.
  • Spousal coverage.
  • Clear, responsive customer service from a real, knowledgeable person.

The Nursing Home and Home Health Care policy marketed by Platinum is currently available in the following states:

South Dakota

Questions about short-term care? Let us know how we can help.
Our friendly, knowledgeable customer service team is on standby to answer any questions you may have about our Nursing Home and Home Health Care policy. You can also request a quote now or view policy details here.