Is in attendance in actual fact insurance for empire for a retirement home?
It will be years and years and yrs. that my Mother would ever really need a retirement home, but she already said she would never ever want to be in a nursing home ect
anyway, I'd resembling an answer to the original ques. I posted above
TY
Answers:
That is called a long occupancy care insurance policy. This policy will pay a set dollar amount for the nursing home. Most will also pay cheque for home care since most people would fairly stay in their own home if possible. They will also compensate for assisted living homes in many cases.
If you do not enjoy a long term care policy you will hold to use your savings and the assets that you've accumulated over the years to income for the care, leaving nil for your heirs. After you use up everything you own Medicaid will then run over and pay for the care. However, they also update you where you can stay and many Medicaid approved homes are not that great. Source(s): Independent Agent
You denote, to cover the retirement home if they get sued, or to partially cover the costs of assisted living?
Yes, insurance to cover section of the costs of assisted living or nursing care is called "Long Term Care" insurance. But moving into a "Retirement Home", import apartment complex for retired people that do NOT need assisted living services, is not covered. Source(s): agent, 21+ years
Related Questions:
anyway, I'd resembling an answer to the original ques. I posted above
TY
Answers:
That is called a long occupancy care insurance policy. This policy will pay a set dollar amount for the nursing home. Most will also pay cheque for home care since most people would fairly stay in their own home if possible. They will also compensate for assisted living homes in many cases.
If you do not enjoy a long term care policy you will hold to use your savings and the assets that you've accumulated over the years to income for the care, leaving nil for your heirs. After you use up everything you own Medicaid will then run over and pay for the care. However, they also update you where you can stay and many Medicaid approved homes are not that great. Source(s): Independent Agent
You denote, to cover the retirement home if they get sued, or to partially cover the costs of assisted living?
Yes, insurance to cover section of the costs of assisted living or nursing care is called "Long Term Care" insurance. But moving into a "Retirement Home", import apartment complex for retired people that do NOT need assisted living services, is not covered. Source(s): agent, 21+ years
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