Group Long Term Care

With Massachusetts nursing home costs averaging well over $100,000 per year, planning for your future should involve serious consideration of group long term care insurance. The decision is a complicated one, but the experts at O’Connor & Co. Insurance can help you determine whether group long term care insurance is right for you.

Standard health insurance plans do not cover the costs of long term care, except under very limited conditions. Medicaid (also referred to as MassHealth) does have resources for covering long term care costs but only for low-income individuals meeting very specific eligibility criteria. (For example, eligible individuals must have less than $2,000 in savings.)

For most middle-class Massachusetts residents facing long term care, these eligibility requirements are often too exclusive and may force you to deplete your assets to qualify for the program. As an alternative, group long term care insurance allows you to pay for the care of your choice, giving you and your family more control over your situation. Whether you want to move into an assisted living facility, require a skilled nursing home, or just want some part-time home care and assistance, Massachusetts group long term care insurance can help make the transition much easier.

An O’Connor & Co. Insurance specialist can help you evaluate your finances and goals to guide you through the decision about whether Massachusetts long term care insurance is appropriate for you. Speak with an O’Connor & Co. representative today to start safeguarding your future assets and quality of life.