Long-Term Care Insurance

As health care costs continue to rise, a long-term illness can have devastating effects on your savings. Rather than allowing your hard-earned income to deplete faster than you need it, contact Caprock today to learn more about how long-term care insurance can benefit you.

Long-term care insurance delivers financial resources that help cover the cost of long-term care you might need in the event of an illness, accident, or as a result of the normal effects of aging. We are dedicated in helping you find the perfect policy for your needs, so you’ll never have to feel the strain on your finances and family burden during difficult times. We offer long-term care insurance as solutions so our clients can rest assured knowing that their savings and loved ones are protected in the event of an illness.

What Features Should I Consider?

Daily Benefit Amount

This is the maximum amount a policy reimburses on any day that eligible Facility Services and/or Home and Community Based Services (HCBS) are received. Be sure to check the costs for nursing home care and home care in your area — or in the area where you think you’ll use the benefits — to help you decide on an appropriate Daily Benefit Amount.

Benefit Period

This determines how long your long term care insurance policy will provide benefits. For example, if you choose a three-year Benefit Period, your policy will pay for three years of care up to the Total Benefit Amount.

Elimination Period

This is the number of days that you must receive either Facility Services or HCBS before reimbursement begins under the policy.

Total Benefit Amount

For most traditional Long Term Care policies, the Total Benefit Amount available over the life of the policy is determined by your choice of Benefit Period and the Daily Benefit Amount. The Total Benefit Amount is equal to 365 times the number of years in the Benefit Period times the Daily Benefit Amount.