Long Term Care Insurance offered by Brooks Insurance Services Houston Texas

Long Term Care Insurance Product Information

Long Term Care Insurance - Medicare does not cover nursing home costs for the elderly. Medicaid may be an option, but only for those beneficiary with little income and few assets, otherwise one must spend down their wealth to very minimal asset levels before becoming eligible. That spend down cannot be in the form of gifts to friends and family and is subject to a look back period by the government. Also, Medicaid has the right to recover from remaining assets, which can include a home in which a surviving spouse may live, the costs spent caring for Medicaid beneficiaries. One of the best alternatives to leaving your family with no inheritance and possibly leaving your spouse impoverished, is a Long Term Care Insurance policy. Several carriers offer competitive rates for policies that can cover or significantly defray the costs of nursing home, assisted living, or even in home care. We work with many carriers thus are able to help find the best policy.

Numerous variables exist in creating the specific Long Term Care Insurance plan that best meets your individual and family needs. When there are many instances of older family members making use of nursing homes especially those who live in a nursing home for many years, the purchaser of a policy in that family needs a very different plan than someone who has never had a family member in a nursing home or diagnosed with any organic brain disorder. As people liver longer there is an ever increasing likelihood that will need nursing care either in home or in a facility. The Long Term Care Insurance policy helps cover some or even all of these costs. When set up properly they even grow the value of the available pool of funds to be used for the care.

Let us help you evaluate your specific needs and find the best policy to meet those needs. We offer a choice of several carriers that will meet most all needs. This allows us to find you a cost effective plan which in many cases you will find is far less expensive than expected.