Traditional long-term care insurance
Coverage designed specifically to pay toward qualifying care. It is generally the most direct approach, and the benefit is only used if care is needed.
Long-Term Care
Planning Ahead for Long-Term Care Costs
Options that can help protect savings from the cost of extended care.
To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
The gap
What long-term care coverage generally helps with
Long-term care coverage is built for the kind of extended care Medicare mostly does not pay for: home health aides, assisted living, and nursing facility stays that go on for months or years.
This is the part most households learn late. Medicare generally covers only limited skilled nursing care after a qualifying hospital stay — it does not cover ongoing custodial care, meaning day-to-day help with bathing, dressing, meals, and moving around. That cost falls to savings unless something else is in place.
Approaches
Two broad ways people address it
Most planning conversations land in one of two directions.
Hybrid life and long-term care
A life insurance policy that can be used for qualifying long-term care expenses, and that pays a death benefit if care is never needed. Households often prefer this because the money is not forfeited.
Timing
Why people look at this earlier than they expect to need it
Qualifying depends on health at the time you apply, so this coverage is typically easier to obtain while you are still healthy. That is why planning conversations often happen well before anyone expects to use care.
There is no urgency to decide anything in a single conversation. We will lay out what each approach does and does not do, what the application process looks like, and what happens if you decide to wait. To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
Questions
Long-term care questions we hear most
To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
General education, not a specific product recommendation or a guarantee of coverage, benefits, or premium. Underwriting, benefit triggers, and terms vary by carrier. Medicaid eligibility rules are set by the state.
Thinking through long-term care for your household? Let's talk.
No pressure, no obligation — just a conversation with a licensed insurance agent about the options available to you.
To speak with a licensed insurance agent, call (662) 210-2200. TTY: 711.
Medicare Compliance Statement
This website represents no obligation to enroll. Not affiliated with or endorsed by the government or Federal Medicare program. Magnolia Family Insurance is an independent insurance agency. We represent multiple insurance carriers to help you find the plan that best fits your needs.
Medicare has neither reviewed nor endorsed this information. As an independent agency, Magnolia Family Insurance offers comparison services to find the best plan for your needs from multiple carriers. For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week, or consult www.medicare.gov.