Atlantic Federal offers Long Term Care Insurance through our affiliate, CUNA Mutual.
Typical long term care services include:
- Assisted living services
- Respite care
- Home health care
- Adult day care and
- Nursing home care.
These long term care expenses are generally not covered by Medicare, Medicare supplement insurance or major medical health insurance.
The American Health Care Association reports that 50% of all Americans will require some form of long term care during their lifetime with the chances of needing home health care even greater. This means you could spend your retirement savings and use up most of your assets on health care.
While most people purchase Long Term Care coverage when they are approaching retirement age, buying insurance at an earlier age can reduce your premium costs. If you buy a policy at age 75, the premium will generally be 2 ½ times greater than if you had bought the policy at age 65. It will be 6 times higher than if you bought at age 55.
CUNA's Long Term Care policies offer many combinations of benefits and coverage. For more information, call CUNA at 1-800-443-6003, option 3.