Long-Term Care

Standard Plans 

Long-term care is a range of services to assist with the personal tasks of everyday life, sometimes called activities of daily living (assistance with eating, bathing, dressing, toileting, etc.), which can cost up to $50 per hour. In 2020 in Raleigh, NC, a semi-private room in a nursing home averaged $85,776, per year!
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“Medicare doesn’t cover long-term care (also called custodial care), if that’s the only care you need. Most nursing home care is custodial care.” (Medicare.gov) Medicare and/or private health insurance typically only cover medical and hospital bills and not the long-term care services.

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Hybrid Plans 

Hybrid Plans combine life insurance and some long-term care coverage. The advantage of this combination policy is that you’ll get benefits for your premiums regardless of whether you need long-term care – either long-term care payouts or a death benefit for your heirs.