Living Benefits Insurance: Pay for Dementia
Did you know that a living benefits life insurance policy could pay for the costs of Dementia care?
People with dementia — especially those with Alzheimer's disease — often live for years after reaching the point where they need 24-hour care, leaving families in an emotional, financial and logistical turmoil.
The Health Insurance Exchange Alternative Real Life Pyramid includes a policy that is designed to provide financial support to you and your family against this and other long-term illnesses. This is important because:
- Medicare doesn’t pay for long-term nursing home care.
- Long-term care insurance eases some of the financial burden. But experts say it often doesn’t cover what patients need.
- Many families must turn to Medicaid to pay for in-home and long-term nursing home care. But there are restrictions - that the family's resources be depleted. Experts say most states’ insist on asset and income depletion to the point that the patient’s spouse may "keep their house and one car".
The Real Life Pyramid - the best value in health insurance on the market today.