Long Term Care Insurance May Pay Family Caregivers

Los Angeles; April 24, 2013 – The vast majority of care provided to aging parents is provided by an adult child, typically a daughter or daughter-in-law.  Most care is unpaid but certain types of long term care insurance will pay benefits when a family member provides care.

“A growing number of older Americans who need long term care have adult children who are able and willing to provide care,” explains Jesse Slome, executive Director of the American Association for Long-Term Care Insurance.   ”They will take time off from their job or even resign creating a financial hardship for their own family or a significant reduction in their pension, Social Security benefits or savings.”

The expert shared with consumers that long term care insurance may pay for care provided by an adult child.  “Not all policies will pay for a family member to care for you, so if this is something you desire, you must specifically ask if the policy offers this benefit,” Slome adds.


“Not all insurance companies offer this option which and policies with this benefit may cost a bit more,” Slome explained to the audience.  “However, if it is important to have a policy that will actually pay a family member to provide some of your care, you must make sure the policy permits this option before you apply.”  The national long term care insurance expert explained that insurance agents not able to sell policies with this option won’t bring up this aspect of the conversation.  “If this is something you think you might want, you must ask the question,” Slome noted.

Between ages 55 and 64 is the ideal time to investigate long term care insurance options according to Slome.  “That is the sweet spot because your health is the single most important factor insurers look for,” he notes.  “After one qualifies for Medicare, those wonderful free health screens may just uncover a condition that may make you uninsurable.”

For long term care insurance costs connect with a designated specialist member of the American Association for Long-Term Care Insurance by visiting the organization’s website or call 818-597-3227.

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