Long Term Care Insurance
Today, the costs of nursing homes and elderly care is continuing to rise. If you plan now, you can provide you and your family with the coverage you need to protect your assets and maintain financial security that you may need later in life.
In general, if you can’t perform daily activities because of an impairment as a result of chronic illness or disability, you will need long term care. This would include the assistance you could need if you are unable to take care of yourself for a long period of time. However, some people who need help with these daily activities may only need them for a few months.
Do I need long-term care insurance?
Typically, don’t rely on Medicare if you’re over 65. Health insurance rarely pays for the cost of long-term care and Medicare usually doesn’t cover custodial care. Medicaid is a program that pays for the medical and long-term care expenses for poor people, so if you are in that situation, you may not need long-term care insurance because your state’s program may pay for your long-term care expenses.
In addition, if you have financial security, you may not need long-term care insurance. Many suggest to pay for your long-term care coverage as the expenses arise. If you realize you may not qualify for Medicaid and won’t have the financial means to cover all your expenses, long-term care insurance offers peace of mind for you and your family.
Some experts have given suggestions on tips to help you decide whether to purchase long-term care insurance. If you meet these requirements, long-term care insurance may be a good fit for you and your family:
- You can afford the cost of the monthly premiums and can still afford the cost if there is a increase in premiums in the future.
- Your assets average more than $80K and your annual income averages at least $35K.
- Most companies will only write long-term care policies to individuals between ages of 40 and 84.
These are only guidelines and not rules for obtaining long-term care insurance, and you will need to consult your agent on the policy details and requirements.
Commercial Solutions Ins.
2200 Franklin Street Bellevue, NE 68005
Testimonial from Eric Crouch
As a new client, so far I have only had a positive experience with Commercial Solutions and I already recommended them to others.
-Customer since 2017
Very polite and informative! Very service oriented.
-Steve R., customer since 2012
I appreciate the personal attention and annual renewal meetings. I prefer having a face to face conversation rather than just a "sign here to renew" letter being sent out. I like to ask questions and be sure that my coverage is what I actually need and hear suggestions if changes are necessary.
-Customer since 2016
Jeff & the team at Commercial Solutions are great at getting finding solutions for our insurance needs. I really appreciate the quick response time and friendly service.
-Cathy H., customer since 2014
Commercial Solutions responds quickly, usually same day, and provides us with insurance that our clients request with no problems.
-Jean M., customer since 2015
Jeff & his team are always very fast & courteous in their help to us. Pricing, value... no comparison. A trusted relationship with extremely knowledgeable professionals... they have won our business through consistently demonstrating they put their clients first. Thank you for all your help & guidance. Mike & Sheri Jacoby
-Michael J., customer since 2011
Very easy to work with (Traci is great!!!). I was in a complicated position and you were quick to find me a solution to insurance needs that were above my expectations. Overall service has been great.
-Customer since 2016
I really appreciate how quick you are to get me a quote. Your office is always very professional and friendly.
-Customer since 2014
The customer service at Commercial Solutions Insurance is stellar! The rates are excellent and they really care about their customers.
-Chris R., customer since 2016
We liked how easy it was to sign up, and that it was explained to us well. I do like even more that when we do have a question the customer service is on it. It's nice to know your there to answer questions instead of the old "we got you money now don't bother us" thing that happens all to much with some other companies. Thank you
-Vince S., customer since 2014
Located in Bellevue, NE . We also serve the Council Bluffs, IA, LaVista, NE, Lincoln, NE, Omaha, NE and Papillion, NE areas. - Licensed in Colorado, Iowa, Illinois, Kansas, Missouri, Nebraska and South Dakota