“Homecare” is assistance a person receives when they can no longer perform various duties themselves.  These services are usually in the home, but that is not always the case. 
Generally speaking homecare services can be categorized as Daily Activity assistance, Personal Care assistance and Palliative Care assistance.


Examples of Daily Activities Services:

 
Preparation and planning of meals.
House cleaning (usually tidying up as opposed to major cleaning).
Assistance with activities out of the home such as banking, grocery shopping, etc.
Help with getting around the home.
Getting dressed and undressed.

 
Examples of Personal Care Services:

 
Bathing.
Feeding.
Grooming.
Any necessary rehabilitation exercises.
Medical assistance (e.g. changing bandages).
Examples of Palliative Care Services:
Help with IV (intravenous) therapy.
The administration and monitoring of pain killers (e.g. morphine).
Assistance with an oxygen machine.

Thankfully, most employee based health insurance plans provide home care and nursing benefits.  The coverage ranges from $10,000 and $15,000 per year.  Services that are covered can be full-time care, part-time care or occasional care.

At some point, we all worry about aging and the time our life savings will deplete, or we’ll be a burden on our children to assist us physically and/ or financially.


Long Term Care (LTC) insurance will give you the protection you will need. A LTC plan benefits will kick in at any point that you can no longer independently perform two of the six “activities of daily living”: eating, bathing, dressing, using the bathroom, getting in and out of a chair, and maintaining continence.


LTC will provide coverage for home aides and therapy, nursing home care, or assisted living. Once you are eligible for LTC benefits, you no longer pay premiums!


The earlier you enroll in a LTC plan the lower the premiums are. In recent years, an array of innovative LTC plan types have been introduced to the market, offering you options that are more affordable and ensure that your premiums do not go to waste if you remain independent through ripe old age.


Cosmo Insurance Agency has enormous expertise in the LTC insurance market. We will advise you of your most updated options, and independently shop for the carrier that will give you the lowest premiums. Regardless of your age and health situation, we can virtually always get you approved for an attractive LTC plan from one or more reputable carriers.