What Are My Other Health Care Options?

Other Long Term Care Options

LTC coverage, as a hybrid product, can now be purchased through life insurance policies, annuity contracts and other vehicles. You are actually purchasing an annuity or life insurance that is linked to long term care coverage, but you do still have to qualify for the coverage. The advantage of a life insurance policy or an annuity is that your family always gets back a benefit. However, with a traditional LTC policy, should you die in your sleep before entering a nursing home, there’s no asset to pass on to your heirs. Whatever you choose, make sure you review the multiple options just as you would any important purchase.

Here are some services that can help you choose the right facility for your family or loved one:

• American Association of Homes & Services
Free care giving brochure on how to choose a nursing home or assisted living facility
202-783-2242 www.aahsa.org

• The Assisted Living Facility Association of America
Checklist on how to evaluate facilities
9401 Lee Highway, Suite 402, Fairfax, VA 22031
703-691-8100 ext. 204 www.alfa.org

• Children of Aging Parents
Free publication list on elder care topics
1-800-227-7294 www.careguide.net

• National Association for Home Care
202-547-7424 www.nach.org

If you’re in the state of Texas, contact Senior Financial Services. We have over 70 companies to assist you with your Long Term Care needs.
Calls us toll free at 1-866-590-2555.

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