Medicare In Florida
Call Florida’s Insurance Broker: Bret Harding: 801-372-2647
Medicare and Long-Term Care Insurance in Florida
Many seniors in Florida have asked me if Long Term Care Insurance (LTC) is part of their Medicare Insurance plan? The quick answer is unfortunately “No” they totally separate. Medicare in Florida is offered and the federal government and administered by a local insurance company, like Assurant of Humana. Florida long term care insurance is offered by private insurance companies, and premium is paid 100 percent by the consumer or policy owner. The federal government strongly encourages individual with the financial mean to purchase a long term care policy.
Florida long-term care (LTC) insurance primarily pays for supervision or assistance with everyday tasks (such as bathing or dressing) when you have a physical impairment, or need supervision of these activities when you have a cognitive impairment such as dementia caused by Alzheimer's disease. LTC takes place at home, in a community program, in an assisted living facility (ALF) or in a nursing home. LTC services are often provided by family members or nurses' aides, and do not require the skilled care that nurses and doctors are licensed to provide.
LTC insurance benefits may be part of a life insurance or annuity policy, or contained in a freestanding LTC policy. LTC insurance benefits contained in freestanding LTC policies. Insurance policies that also provide life insurance or annuity benefits are not explained. These policies are complex financial products that require professional assistance, and may have income-tax or estate-tax implications. You should consult a trusted financial advisor if you are considering combining life and annuity benefits with LTC benefits.