In this episode of the Now or Never Long-Term Care Strategy with Kosta Yepifantsev, Kosta is joined by Kelly Augsburger, a certified Long Term Care Insurance Specialist. The two discuss the benefits of long term care insurance and how it differs from other forms of insurance.
According to Kelly, long term care insurance is a financial tool that can be used to pay for non-medical care if an individual needs help with activities of daily living or has a cognitive impairment. She emphasizes that long term care insurance is not medical insurance and should be thought of as a way to fund a long term care plan.
Kelly also explains the differences between long term care insurance and other forms of insurance, such as Medicare, Medicaid, and life insurance. She notes that long term care insurance is designed to provide coverage for non-medical care, while Medicare and Medicaid focus on medical care.
Overall, this episode provides valuable information and insights into the benefits of long term care insurance and how it can help individuals and their families plan for extended care needs. By understanding the differences between long term care insurance and other forms of insurance, individuals can make informed decisions and ensure that they have the financial support they need to receive the care they need.
Join Kosta and his guest: Kelly Augspurger, Certified Long-Term Care Insurance Specialist (CLTC®), Certified Senior Advisor (CSA®), Co-Founder of Steadfast Insurance, and 2022’s Top 10 Women of Distinction in Insurance.
Today we’re talking about long-term care insurance, who needs it, and why it matters.
In this episode: what differentiates long-term care insurance from Medicare, Medicaid, and other medical insurance(s), retirement, or life insurance, what the average policy looks like as far as cost/scope of service, and how it actually works when the time comes?
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