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In-home assistance coverage can cost just under $100 a day or up to hundreds of dollars a day for 24/7 care. A special long-term care insurance policy can help pay for some in-home care services such as skilled or non-skilled nursing care, physical therapy, and home health aides. There are many different types of long-term care insurance policies, depending on the type of coverage you want to have. Some policies cover adult day care and full-time assistants, while other policies cover part-time in-home care and services. It is recommended that people purchase long-term care insurance before they are older and really need it. In fact, the premiums of long-term care insurance are much lower at age 50 than they are at age 65 or 70. Ask your financial advisor or insurance agent about the best type of long-term care insurance for you. Review the costs and benefits of each policy before committing to purchase long-term care.
Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.