Have you given any thought to your family’s long term health care needs? If not, now is the perfect time to do it.
As of 2014, a year’s stay in an average Florida nursing home is likely to cost you $93,000 or more. In-home care costs are traditionally much lower than that. Nonetheless, they may not be completely covered by your family’s existing insurance plans either. That’s why it’s wise to consider purchasing long-term care insurance sooner rather than later.
Long-term care insurance is designed to cover nursing home and home health care in Florida. It is typically purchased by individuals and couples through a variety of insurance providers, including Florida partnerships. Depending on a couple’s ages and preferences, a LTC policy in the Sunshine State may cost them anywhere from 1,800 to $4,000 a year.
Being a licensed Nurses Registry in the State of Florida, we know that many home health care nurses and nurse’s aides accept long-term care insurance as payment. So we can say with certainty that long-term care policies are likely to cover some, if not all, of a Florida couple’s home health care needs.
In instances where the long-term care insurance coverage is not enough, Floridians may be able to pair it with other payment options as well. Examples of other payment methods that may be paired with LTC coverage are automobile insurance, Veteran pensions, HMO programs, health insurance and Worker’s Compensation benefits. Private pay can also be used to cover any gaps in insurance coverage too.
To learn more about using long-term care insurance to pay for home health care in Florida, please contact us at Best Care. Collectively, our President and Vice-President have extensive experience in nursing and insurance law. We can also help arrange in-home nursing care for people living in Broward, Dade and Palm Beach Counties.