#LongTermCareInsurance Archives

The Pros and Cons of Long-Term Health Insurance

As the population ages, the importance of long-term health insurance for seniors becomes increasingly evident. Advances in medical technology and increased life expectancies mean many people will be more likely to require extended healthcare services. Long-term health insurance provides financial protection and peace of mind during these critical years. In this blog, FirstLantic explores the pros and cons so you can make a more informed decision about what is best for you and your family. Pros of Long-Term Health Insurance: 1. Financial Security: One of the most significant advantages of long-term health insurance is its economic security. Seniors can feel confident that it will protect them from potentially exorbitant medical expenses associated with long-term care, including nursing homes, assisted living facilities, and home healthcare [...]

Payment Options for Senior HomeCare Services

Patricia Neuray2022-12-19T20:52:38-05:00November 2nd, 2021|Categories: Aging, assisted living, Financial Decisions, Home Caregivers, Nursing, Retirement, Veterans|Tags: #homecare, #HomeHealthcare, #LifeInsurance, #LongTermCare, #LongTermCareInsurance, #MedicareAdvantage, #Veterans, FirstLantic|

One of the most challenging decisions seniors or their relatives can make is determining if and when to get help with their care. Many seniors would prefer to stay in their own home, but sometimes the basic chores they take for granted may become too much. They need some assistance with cooking, transportation, medication management, or simply could use some companionship. Whatever the reason, the more difficult question often becomes how to pay for care. FirstLantic offers guidance on payment options. However, before determining the best way to fund it, it’s helpful to differentiate between home care and home health care. Home Care Aides assist with daily living such as dressing, housekeeping, and transportation, referred to as personal care, attendant care, non-medical care, and companion care. [...]