Short-Term Care Insurance
Short-Term Care Insurance In Belvidere, Rockford, IL, Marengo, Joliet, Morris, Woodstock, and the Surrounding Areas
You should not have to break the bank to get the short-term care insurance that you deserve. Whether you are in need of a home health aide, putting put into a nursing facility, or assisted living facility, having the right short-term care insurance in Belvidere, Rockford, Marengo, Joliet, Morris, Woodstock, IL, or beyond, can make a world of difference in your care and peace of mind.
What is Short-Term Care Insurance?
You have probably heard of long-term care insurance, but what is short-term care insurance? Short-term care insurance, or STCI, is a type of supplemental insurance designed to cover temporary care needs that last one year or less. Sometimes referred to as home health care insurance or recovery insurance, STCI is ideal for those who may need help with activities of daily living such as eating, bathing, dressing, or moving around safely.
Unlike traditional long-term care, STCI provides benefits quickly and often with no waiting period! This makes it a flexible and accessible option for many families in Illinois. Acting as an indemnity policy, the benefits of this coverage are paid directly to you or a medical provider of your choice. These funds can help to supplement Medicare, Medicaid insurance, or your or other existing health insurance plans, giving you more control over how care is delivered and paid for.
STCI policies provide a daily benefit for a set period per day for up to a year. If the cost of your care is less than the daily benefit, the remaining funds can extend your coverage beyond the original time period. That means that every single dollar counts towards your care! Here are some other advantages of STCI:
- Immediate coverage once eligibility requirements are met
- Direct payment to you or a provider for maximum flexibility
- Supplemental to existing health coverage such as Medicare and Medigap insurance
- Affordable premiums compared to long-term care insurance
Affordable Premiums
This coverage is significantly less expensive than traditional whole life insurance, with manageable monthly premiums.
Simplified Qualification
Many policies are easy to qualify for, making it ideal for seniors or those with pre-existing health conditions.
Flexible Benefits
Beneficiaries receive the death benefit directly and can use it for funeral costs, hospice care, medical bills, or other financial needs.
Peace of Mind
By planning ahead, you protect your family from covering costly end-of-life expenses out-of-pocket.
Why Consider Short-Term Care Insurance
An average of 7 out of 10 people over age 65 will require some type of skilled or custodial care. Many of these care needs, however, are temporary and can be resolved within a year.
When you have short-term care insurance in Belvidere, Rockford, Marengo, Joliet, Morris, Woodstock, IL, or anywhere in the state, you can get your pressing care needs taken care of so you can easily manage the financial impact of short-term care needs. No worrying about losing your independence or savings during recovery; STCI puts the power back in your hands.
Protect your health and financial future today! Contact us today to learn more about short-term care insurance.