Be prepared if you or your spouse require short-term or long-term care.
Long-Term & Short-Term Care
To help you better understand Long-Term Care Insurance, please visit the AEA's "Long-Term Care School" site. It will walk you through several pages explaining what long-term care is and why you should consider adding this valuable coverage to your financial portfolio. The process will take approximately 15 minutes and the information will enable you to make an informed decision about whether or not long-term care insurance is right for you.
Short-Term Care insurance covers care received in the home, adult day care, hospice care, and even assisted living and nursing home facilities. Benefit periods with this type of insurance are generally one year or less and offer first-day coverage. Like long term care insurance, it does not require a prior hospital confinement. This type of coverage can be a great alternative for covering care expenses and it can fill some of the gaps left by Medicare and Medicare Supplement Insurance.