One of the major concerns of families with elderly individuals would be the provision of long term care, especially during the time when these individuals would be unable to perform daily activities of living such bathing, eating, and going to comfort room. This type of care is quite expensive to maintain, making the purchase of long term care insurance quite a wise investment to make. This particular insurance policy is especially helpful for older individuals diagnosed with debilitating illnesses such as Alzheimer’s disease and dementia.
Because long term care insurance policies can be quite expensive to purchase, it would be advisable for this process to be participated by all members of the family concerned. It would also be good to solicit quotes from top insurance providers in the state, to ensure of getting the best deals possible.
The state also took some kind of initiative in which to provide long term care insurance to the widest range of consumers possible. The state Department of Community Health has formed collaboration with several other government departments and agencies responsible for public health and consumer insurance to form the Long-Term Care Partnership Program. Private insurance providers offering long term care insurance policies also participates in this program meant to make the type of product affordable. One feature for the program is the Medicaid asset protection in which policyholders can avail of Medicaid services after they have consumed their individual coverage. There is also inflation protection given to individuals 61 to 76 years old upon the time of purchase. With this program, families with no considerable financial resources may still be able to provide quality long term care at a lesser cost. Consumers should make sure, however, that the insurance provider they are dealing with has been authorized by the Georgia Office of the Insurance Commission and the insurance agent they are contacting has been duly trained and accredited to offer this type of insurance product.