Getting older often means needing a bit more help, and fortunately, plenty of caring, compassionate resources are available to assist. One notable resource is available at Notre Dame du Lac Assisted Living Residence: Assisted Living.
As seniors begin to plan for their future, they may need some assistance covering the monthly rate for Assisted Living. This knowledge initially may lead their family members and loved ones to explore long-term care insurance. However, when it comes time to use this policy, they may wonder what it covers and how it works. We’re here to help.
While the extent of long-term care coverage will vary by state, insurance type, and other policy details, there are qualities common to all plans. Read on to learn more about how you can help pay for your loved one’s Assisted Living services with long-term care insurance.
What Is Long-Term Care Insurance?
According to the Administration for Community Living, “long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with activities of daily living (ADLs) such as bathing, dressing, or eating.” Provided by many assisted living communities like Notre Dame du Lac Assisted Living Residence, these services give residents the assistance they need to be engaged and live as independently as possible, but also that long-term care insurance may qualify to be used.
There are a variety of benefits and care options that allow you to get the services you need, whenever you need them. In contrast to a traditional health insurance plan, long-term care insurance is “designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other community.”
What does Long-Term Care Insurance Cover?
Long-term care insurance might help cover some of the monthly costs of your loved one’s Assisted Living care.
Seniors moving to Assisted Living communities might receive help from long-term care insurance programs. Although every policy differs, most policies covering Assisted Living reimburse beneficiaries for costs they have already incurred. Most of these programs have tight annual payout caps that must be met.
If you are trying to determine the cost of care and what your plan could cover, or other ways to pay for Assisted Living, check out our pricing and funding guide.
The additional assistance that most policies include can help lower the cost of nonmedical long-term care even though long-term care insurance often does not provide total payment coverage for Assisted Living. Long-term care insurance can assist many seniors in managing the expense of the care they require.
Paying for Assisted Living Through Private Pay
Paying for care like Assisted Living out of pocket is the simplest option, and this is what we accept at Notre Dame du Lac Assisted Living Residence. Under this arrangement, the person in charge just sends a monthly check, similar to paying rent on a regular apartment.
Discover Assisted Living at Notre Dame Health Care
At Notre Dame du Lac Assisted Living Residence, residents receive help with day-to-day personal care in a community that’s dedicated to supporting independence and well-being. Our homelike setting, dedicated and caring staff, and an array of services and amenities combine to make Notre Dame du Lac feel like home while providing the benefits of safety and comfort.
Discover just a few of the services and amenities designed to make life more enjoyable and worry-free for our residents:
- Up to one hour per day of personal care
- Three scheduled meals daily and snacks
- Weekly housekeeping and flat linen services
- Social, recreational, and cultural activities
- Exercise and fitness classes
- Indoor and outdoor activities
- Scheduled transportation
Exceptional Health Care in One Community.
Notre Dame Health Care provides more services than just Assisted Living. In fact, offerings go far beyond this to include Memory Care; Rehabilitation; Skilled Nursing; Adult, Pediatric, and Perinatal Care; and Adult and Pediatric Hospice Care.
Learn more about Notre Dame Health Care and our other services by visiting our website today.