Benefits of Using a Specialist in Long Term Care Insurance

Do you really need a Long Term Care Insurance specialist? After all, you get your auto insurance and homeowner’s insurance through a kind of one-stop shop insurance broker. (Sometimes you even get a bundle deal for getting all your insurance in one place.) Isn’t the logical place to start with your “jack of all trades”-type insurance agent?

Unfortunately, that’s not necessarily true. By its nature, LTCI is significantly more complicated than auto or homeowner’s insurance. (Anything having to do with healthcare is inherently complex.) This means that there are significant benefits to setting up your plan through a Long Term Care Insurance specialist.

Think about it like this: you can get decent chicken fingers just about anywhere. But that’s because they’re simple and straightforward. But if you want an amazing prime rib, you’re probably going to go to a steakhouse (that is, a specialist). That’s because going to a specialist for a specialty product leads to better quality and a better experience.

The Benefits of Working with a Long Term Care Insurance Specialist

If auto insurance and homeowner’s insurance can be sold by more generalized insurance agents, what makes LTCI so special? Well, Long Term Care Insurance:

Must interact with other types of insurance, such as medical insurance or Medicare. (After all, base Medicare does not cover long term care.)
Will be responsible for helping you with your health over a long period of time.
Is commonly used, meaning you’re more likely to use your benefits than not.

To put it more simply, the better policy you are able to secure, the better your health will be taken care of. With stakes so high, there are a number of benefits to working with a Long Term Care Insurance specialist.

Deep Expertise on the Topic

Finding the right Long Term Care Insurance for your needs can be an intricate process–but that’s because LTCI has many ins and outs. Plans are designed for a wide variety of patients, lifestyles, and needs. Additionally, there are many distinct, unique, and special rules and regulations that apply only to LTCI.

When you work with someone who has deep expertise, it helps ensure that you get the best possible plan for your needs, your lifestyle, and your goals.

Experts Stay up to Date on New Trends and Newest Products

All healthcare fields, including long term care, are those that see a significant amount of innovation. As a result, Long Term Care Insurance innovates too. As humans develop and innovate new ways of living, LTCI adapts, offering new styles of plans. This means it’s easier than ever to find a plan that works for your lifestyle, budget, and needs–but only if you’re working with an expert who stays on top of the latest trends.

Likewise, staying on top of the latest trends helps LTCI experts stay up to date with all of the newest LTCI products available. This means an LTCI expert will be able to offer you more options (and new alternatives) than a generalized insurance agent.

Proven Track Record of Success in the LTCI Field

Something like 70% of all people over the age of 65 will need long term care at some point in their lives. This includes you–the chance you’ll need long term care is high.

Which means there’s an equally high likelihood that Long Term Care Insurance can help you. When you work with an expert in Long Term Care Insurance, you can take a look at their track record. A company like Gordon Associates, for example, has a long, proven track record of helping clients get the insurance they need. We work with our clients to make sure they have access to the care they require.

In other words, an expert will know what a successful claim looks like. A more generalized insurance agent will just send your claim up the ladder to their company’s 800 number. Working with an expert can improve the chances that your claim is honored promptly.

Deep Referral Networks Can Get You the Care You Need

Often, when you need long term care, you are also worried and stressed. That’s because these things often don’t come up when you’re expecting them to. When you work with an expert to get your LTCI, they can also set you up with referrals to specialists. This includes referrals for professionals in:

Homecare
Living Communities
Geriatric Care Management
And more!

Having those referrals in hand means you’ll be able to make many care decisions more easily–and with more peace of mind–than you otherwise would.

You Can Get Your Questions Answered

People at different life stages are going to have different questions about Long Term Care Insurance. (Someone who is 20 is going to have a completely different mindset than someone who is 55 or 65, for example.)

A general insurance broker isn’t going to be able to answer many of those questions in detail. But someone with experience and expertise will. And that’s important, because answering those questions can help you decide on the optimal LTCI policy for your needs.

For example, do you still need Long Term Care Insurance if you plan to do a lot of traveling after retirement? Or what if you already have some pre-existing conditions–will that make your rates go up? These are questions that a Long Term Care Insurance specialist can answer easily–and provide you with the peace of mind you need.

Go to an Expert

Gordon Associates is an expert in the Long Term Care Insurance field. Long Term Care Insurance is pretty much all we do (we don’t try to sell auto or homeowner’s insurance, for example). That’s because we know our expertise is valuable to our clients.

With the right expertise, you can get the LTCI policy you need. And that can help protect you when you need long term care. We’re not saying that Long Term Care Insurance is the prime rib of all insurances–but it is certainly a specialized product, and it makes sense to get a specialized product from a specialized expert.