Later In Life Care Plans

What is Care Plan Insurance?

 
This is also known as POS (point-of-service) insurance. The basic tenet of such a plan is to provide you or any loved ones with a level of financial protection should you need to be admitted into a long-term health care facility in the future. Much like a regular insurance policy, you will pay monthly premiums and in return, you will be afforded specific levels of coverage. These can be standalone policies or included as a portion of a larger private health plan. There are different types of coverage and as should be expected, some many be more comprehensive than others. If you or a loved one has a specific medical condition that is likely to worsen over time, this plan is a good option. Care plan insurance is also widely used by those who live alone and have no one else to take care of them.  

Why is Care Plan Insurance Important?

 
The biggest concern is that you may burden your loved ones with hefty bills should your condition dictate that you need to be taken care of on a full-time basis. While inpatient insurance may cover your stay up until a certain point, you may very well exceed this limit eventually. Care plan insurance is specifically able to address this risk and coverage caps tend to be much higher. Areas that are address include nursing care, food, accommodation, emergency inpatient treatments, etc. Silver Choices can help you make the best decisions possible, so please contact us at your will.