Long Term Care policies typically come from a few different sources.
Employers: Some employers offer discounted individual or group Long Term Care coverage as an employee benefit. Group plans often do not require underwriting and coverage may be available for family members for an added premium. Family members typically require a medical exam (underwriting). Note that if you leave your employer, you typically lose your coverage. Speak with your benefits coordinator.
Individual Plans: Many people purchase Long Term Care policies through an insurance agent or broker. Be certain to check an agent’s licensing through the New York State Department of Financial Services before doing business. Some agents have access to the state partnership program that allows consumers to maintain a certain amount of assets while still qualifying for Medicaid. Click here to schedule an appointment.
Organizations: Some service and professional organizations offer group Long Term Care coverage for members. Be certain to investigate what happens to the coverage if you leave the organization.