Modern District Financial
  • Home
  • Quotes
    • Medicare Advantage Plan Quote
    • Medicare Supplement Coverage Quote
    • Annuity Quotes
    • Life Insurance Quote
    • Long Term Care Insurance Quote
    • Final Expense Insurance Quote
    • 401k Rollover Quote
    • Dental Insurance Quote
  • Service
    • Update Contact Info
    • Online Documents
    • Free Consultation
  • Insurance
    • Medicare Supplement Coverage
    • Medicare Advantage Plans
    • Annuities
    • Life Insurance
    • Long Term Care Insurance
    • Final Expense Insurance
    • Financial Planning
    • 401k Rollover
    • Dental Insurance
  • About
    • Meet Our Team
    • Bios >
      • Shannon Nelson
      • Ryan Kashmerick
      • Kelly Bandly
      • John Blanck
      • Larry Winslow
      • David Teesdale
      • Richard Wells
      • Daniel Grix
      • John Paul Westbrook
    • Client Testimonials
    • Refer a Friend
    • Careers
    • M's Reward Program
    • Insurance Carriers
    • Agency Photo Gallery
    • News
    • Blog
  • Contact


Long Term Care Insurance

Long term care insurance covers expenses and services not covered by health insurance, Medicare, or Medicaid. Speak with one of our specialists about your options today.

get a quote
Contact Us

What is Long Term Care Insurance?

Long-term care insurance (LTC or LTCI), an insurance product that helps provide for the cost of long term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.

The Benefits of Long Term Care Insurance

Long-term care insurance generally covers home care, assisted living, adult daycare, respite care, hospice care, nursing home and Alzheimer's facilities. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed. It will pay for a visiting or live-in caregiver, companion, housekeeper, therapist or private duty nurse up to seven days a week, 24 hours a day (up to the policy benefit maximum).

Other benefits of long-term care insurance:
  • Many individuals may feel uncomfortable relying on their children or family members for support, and find that long-term care insurance could help cover out-of-pocket expenses. Without long-term care insurance, the cost of providing these services may quickly deplete the savings of the individual and/or their family.
  • Premiums paid on a long-term care insurance product may be eligible for an income tax deduction. The amount of the deduction depends on the age of the covered person. Benefits paid from a long-term care contract are generally excluded from income.
  • Business deductions of premiums are determined by the type of business. Generally corporations paying premiums for an employee are 100% deductible if not included in employee's taxable income
Medicaid provides some of the benefits of long-term care insurance. A welfare program, Medicaid does provide medically necessary services for people with limited resources who need nursing home care but can stay at home with special community care services. However, Medicaid generally does not cover long-term care provided in a home setting or for assisted living. People who need long-term care often prefer care in the home or in a private room in an assisted living facility.

Contact us to learn more about the right long term care insurance for you.
(231) 421-8331​
2062 N US-31,
​Traverse City, MI 49686​
Click Here to Email Us
Long Term Care Quote
Get a quote for long-term care insurance

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Modern District Financial

Traverse City Office
2062 N US-31,
​Traverse City, MI 49686
(231) 421-8331
Click Here to Email Us
Grand Rapids Office
3351 Eagle Run Drive,
Grand Rapids, MI 49525​
(231) 421-8331
Click Here to Email Us
Midland Office
6021 Eastman Ave
Midland, MI
(231) 421-8331
Click Here to Email Us
Review Us
Website by InsuranceSplash

Picture
​Securities offered through The Leader's Group, Inc. Member FINRA / SIPC
26 W. Dry Creek Circle Suite 800 Littleton, CO  80120  ​(303) 797-9080
Modern District Financial is not affiliated with The Leader's Group, Inc.
  • Home
  • Quotes
    • Medicare Advantage Plan Quote
    • Medicare Supplement Coverage Quote
    • Annuity Quotes
    • Life Insurance Quote
    • Long Term Care Insurance Quote
    • Final Expense Insurance Quote
    • 401k Rollover Quote
    • Dental Insurance Quote
  • Service
    • Update Contact Info
    • Online Documents
    • Free Consultation
  • Insurance
    • Medicare Supplement Coverage
    • Medicare Advantage Plans
    • Annuities
    • Life Insurance
    • Long Term Care Insurance
    • Final Expense Insurance
    • Financial Planning
    • 401k Rollover
    • Dental Insurance
  • About
    • Meet Our Team
    • Bios >
      • Shannon Nelson
      • Ryan Kashmerick
      • Kelly Bandly
      • John Blanck
      • Larry Winslow
      • David Teesdale
      • Richard Wells
      • Daniel Grix
      • John Paul Westbrook
    • Client Testimonials
    • Refer a Friend
    • Careers
    • M's Reward Program
    • Insurance Carriers
    • Agency Photo Gallery
    • News
    • Blog
  • Contact