It’s never too early to begin planning for your future. The suggested ages for getting long-term care insurance are in your 50s and 60s and about seven out of ten of us will need some form of assistance after the age of 65. A long-term care insurance plan aids those with chronic illnesses, disabilities and other conditions for an extended period of time.

Finding the right insurance plan is often confusing. Many people do not know when to start looking or even what to look for.

Important qualities you will want to see in a long-term insurance plan include the following:

  • Pays for nursing home needs at any level of care
  • Offers increasing benefits over time to protect against inflation
  • Covers Parkinson’s disease as well as Alzheimer’s disease or similar forms of senility and irreversible dementia
  • Does not increase premiums as you age or with health changes
  • Does not exclude benefits for pre-existing conditions
    (Buying while you are unhealthy could lead to being denied benefits.)
  • Waives your premium during nursing home stays
  • Guaranteed renewable for life
RIPEA offers a large bundle of insurance plans that all Indiana public employees should consider. To learn more about these benefits visit click here.