With all of today’s healthcare technologies, the chances of living past the age of 100 are greater than ever.
Many citizens are misinformed about the government health care available for senior citizens, and whether they cover the cost of long-term care. In Ontario, long-term care is not covered by the public health care system.
In reality, the government is not required to cover assisted living. Though they may provide support to families who are struggling, it will only cover a portion of the costs. This means that families will have to pay out of pocket for a significant portion of the costs associated with a long-term care.
What is long-term care insurance?
Long-term care insurance provides financial protection should you become unable to care for yourself because of a chronic illness; disability; cognitive impairment, such as dementia; or other age-related conditions that make it difficult to perform daily activities without assistance.
Long-term care plans cover the costs of nursing homes and chronic care facilities, or the costs of a home care provider.
There are two standard forms of long-term care insurance plans. The first provides reimbursements for expenses that fall under the eligibility requirements. The second form is an income style plan, which offers a pre-determined monthly benefit amount.
Most plans include a waiting period before your benefits will become payable. Common waiting periods are between 30-90 days.
The life and health insurance industry works alongside the public healthcare system by providing long-term care insurance for its citizens. There are many life and health insurance companies in Canada that offer long-term care insurance.
We offer a wide range of In-Home Senior Health Care Services in Ottawa to help you remain in your home for as long as you wish.
All of our employees and managers in Ottawa are trained to work with you in a compassionate, non-intrusive way. Whether you would like simple companionship or require around the clock care, we will tailor our home care service for you. For more information on our Insurance Options please give us a call at 613-369-5100 or email us at firstname.lastname@example.org
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