disability & long-term care
Insurance

in arkansas

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For the Situations we don't See Coming

Though it’s not something any of us like to think about, we all know that anything can happen to us at any time. Whether we’re walking down the street or climbed a ladder in our home to change a lightbulb, the risk is there for an injury that affects our ability to perform normal daily activities of life. Long-term care is enforced immediately to help in this situation and will help cover the costs associated with caregiving, long-term or not.

Should I Really Add Disability Insurance?

The short answer is that there are two types of disability insurance: short-term and long-term. Because there are many variables to consider, this should all be discussed in great detail when purchasing your insurance. However, a short-term disability policy will have a waiting period of zero to 14 days with a maximum benefit of two years; while long-term will have from several weeks to a month-long waiting period, with benefits ranging from a few years to the remainder of your life.

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Medicare Supplements? Over 65? On Medicare? We Can Help

  • Plan D – Drug Coverage
  • Medicare Advantage
  • Medicare Advantage plus Prescription Drug

We at M&P Insurance are here to help you understand the ins-and-outs of what this coverage means, and why you should have it. One thing is for sure: you don’t wait until it’s too late.

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a few basics about long-term care insurance

QUESTION #1

What if I’m recuperating at home instead of in a “care home”?

ANSWER

Long-term care insurance applies to the care provided anywhere—whether in a nursing home, assisted living facility, adult day-care, OR at home. The five ADLs are custodial care, which is different from long-term skilled nursing care (covered with Medicare and private health insurance, for the most part).

QUESTION #2

Is long-term care the same thing as disability insurance?

ANSWER

The short answer is that there are two types of disability insurance: short-term and long-term. Because there are many variables to consideration, this should all be gone over in great detail when purchasing your insurance in order to understand all of it. However, a short-term disability policy will have a waiting period of zero to 14 days with a maximum benefit of two years; while long-term will have from several weeks to month waiting period, with benefits from a few years to the remainder of your life.
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