Long Term Care Insurance

Prepare for the unexpected, safeguard your future, provide peace of mind.

Long-Term Care Insurance Benefits

Long-term care insurance can help cover the cost of care and living expenses if a policyholder is unable to perform two or more of the six Activities of Daily Living (ADLs) or experiences severe cognitive impairment for 90 days or more.

Severe cognitive impairments include conditions such as Alzheimer’s disease, dementia, and other brain-related injuries.

The Eleos Difference

At Eleos, we offer a personal, client-focused approach rather than a one-size-fits-all solution. By tailoring policies to your specific needs, we help you focus on what matters most—worrying less and achieving more.

If you’re an employer looking to provide long-term care insurance to safeguard your employees' health in retirement, we’re here to advocate on your behalf. We start by understanding your unique needs and then secure the most competitive prices available. With our services, we continue to deliver value, ensuring your long-term care solutions remain effective and beneficial for years to come.

Talk to a Long-Term Care Specialist Who Listens

Discover how long-term care coverage from Eleos can make a difference for you. Our specialists are here to listen and provide the information you need to make informed decisions.

What Does a Long-Term Care Policy Cover?

Long-term care insurance provides coverage for services in various settings, including nursing homes, assisted living centers, adult daycare, hospice care, and home care, following a qualifying event.

However, it’s important to understand any exclusions and stipulations that may apply before selecting a plan.

The Six Activities of Daily Living

  • Eating

  • Bathing

  • Getting Dressed

  • Toileting

  • Transferring

  • Continence

Long-Term Care Qualifications

To qualify for long-term care insurance benefits, a policyholder must be unable to perform at least two of the Activities of Daily Living (ADLs) or experience a severe cognitive impairment for 90 days or more. Benefits typically begin once the waiting period is met, which is usually 60-90 days.

Eligibility for benefits requires an evaluation and certification by a licensed medical specialist in the policyholder’s state. Once approved, the insured can receive reimbursement for care and living expenses as outlined in a plan of care developed by their primary care physician.

Most long-term care insurance policies offer a choice of benefit periods, such as two, three, four, or five years.

Options for care typically include:

  • Home Care

  • Nursing Home Care

  • Assisted Living Facilities

  • Adult Day Care Centers

How is the Cost of a Long-Term Care Policy Determined?

At Eleos, we believe in crafting a unique policy tailored to your specific needs and budget. To provide you with an accurate quote, we take the time to discuss several key factors.

The cost of a long-term care policy depends on:

  • Age: Older applicants may face higher premiums.

  • Health Status: Pre-existing conditions and overall health impact costs.

  • Coverage Amount: The level of coverage and daily benefit amounts chosen.

  • Benefit Period: The length of time benefits will be paid, typically ranging from two to five years.

  • Waiting Period: The initial period before benefits begin, usually 60-90 days.

  • Type of Care: The settings covered, such as nursing homes, assisted living, or in-home care.

Understanding these factors helps us tailor a policy that fits your needs and budget.

Whether you're an individual seeking to safeguard your health in retirement or an employer exploring voluntary employee benefits, you can trust us to deliver the right coverage at the best available price.

Not Sure Where to Start?

Give one of our employee benefits specialists a call today to find out what Eleos can do for you.