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  • Home
  • About Us
    • Meet our Team
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Accessibility Statement​
    • Blog
    • News
  • Service
    • Report a Claim
    • Make a Payment
    • Policy Review
    • Update Contact Info
    • Life Insurance Application
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Request a Free Consultation
  • Individual
    • Life Insurance >
      • Term Life Insurance
      • Whole Life Insurance
      • Final Expense Insurance
      • Individual Life Insurance
    • Medicare Supplemental
    • Financial Planning
    • 529 Plan Alternatives
    • Social Security
    • Disability Income Insurance
    • Annuities
    • Health Insurance
    • Property & Casualty >
      • Auto Insurance
      • Boating Insurance
      • Home Insurance
      • Motorcycle Insurance
      • Renters Insurance
      • Umbrella Insurance
      • RV Insurance
    • Long Term Care Insurance
  • Business
    • Life Insurance Options for Businesses
    • Disability Insurance Options for Businesses
    • Group Benefits
    • Medicare Educational Seminar
    • Social Security Educational Seminar
    • Property & Casualty >
      • Auto Dealers Insurance
      • Business Liability Insurance
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Landlord Liability Insurance
      • Restaurant Insurance
      • Workers Compensation Insurance
    • Group Health Insurance
    • Group Life Insurance
    • Executive Plans
    • E&O Insurance
  • Contact Us
    • Schedule Appointment
    • Location & Contact Information
    • Careers


Long Term Care Insurance

Long term care insurance covers expenses and services not covered by health insurance, Medicare, or Medicaid. Speak with one of our specialists about your options today.

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What is Long Term Care Insurance?

Long-term care insurance (LTC or LTCI), an insurance product that helps provide for the cost of long term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.


The Benefits of Long Term Care Insurance

Long-term care insurance generally covers home care, assisted living, adult daycare, respite care, hospice care, nursing home and Alzheimer's facilities. If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed. It will pay for a visiting or live-in caregiver, companion, housekeeper, therapist or private duty nurse up to seven days a week, 24 hours a day (up to the policy benefit maximum).

Other benefits of long-term care insurance:
  • Many individuals may feel uncomfortable relying on their children or family members for support, and find that long-term care insurance could help cover out-of-pocket expenses. Without long-term care insurance, the cost of providing these services may quickly deplete the savings of the individual and/or their family.
  • Premiums paid on a long-term care insurance product may be eligible for an income tax deduction. The amount of the deduction depends on the age of the covered person. Benefits paid from a long-term care contract are generally excluded from income.
  • Business deductions of premiums are determined by the type of business. Generally corporations paying premiums for an employee are 100% deductible if not included in employee's taxable income
Medicaid provides some of the benefits of long-term care insurance. A welfare program, Medicaid does provide medically necessary services for people with limited resources who need nursing home care but can stay at home with special community care services. However, Medicaid generally does not cover long-term care provided in a home setting or for assisted living. People who need long-term care often prefer care in the home or in a private room in an assisted living facility.

Contact us to learn more about the right long term care insurance for you.

"Jonathan was easy to work with, was able to answer all my questions, was prompt, efficient, and got me a great rate for my family. I highly recommend using Jonathan for all of your insurance needs."

- Matthew Murphy, Pennsylvania

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Leonard Financial Solutions
49 Revere Avenue
Moorestown NJ 08057​
856-444-LIFE (5433)
info@leonardfs.com

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