Did You Know that 52% of Those Needing LTC, Begin that Care at Home?

Capital Retention partners only with A.M. Best A+ rated home care insurance providers that offer innovative ways to not only age at home longer, but offer an optional long-term care cash benefit, so you can pay family members or a dear friend to help with care where you feel most comfortable and happy - in your own home.

Long-term Care at Home -

Long-term care insurance benefits are provided to help you stay at home longer and you can choose reimbursed professional care, or a cash option for care given by friends and family. Here are the covered home health care insurance benefits:

Personal care services to assist with the activities of daily living

Homemaker services

Professional services of a registered nurse, home health aide or therapist

Adult day care services

Use cash to pay family members or a dear friend for your care at home

Provides cash for in-home accessibility alterations

Use the cash benefit for medical appliances

Cash benefits last longer, as they are a percentage of home health care benefits

Provides help nearby if living in rural areas, too far from professional services

Optional Cash Benefit –

With long-term home care insurance, you can apply for the optional cash benefit and receive a percentage of the Home Health Care benefit, up to a specified amount each month. There’s no elimination period to satisfy (normally 90 days). Cash is available beginning on the first day of qualified need, and can be used to pay any cost associated with your long-term care. You can switch from the cash benefit to full-benefit reimbursement at any time.

Example: Cash Benefit could be 40% (or $1200) of a $3000 per month Home Health Care benefit.

Reality Check

Studies show the #1 long-term care worry of aging seniors, is having to leave their home to be cared for in a facility. This is followed by the thought of being a financial burden to loved ones. Those that know how costly LTC is, can become paralyzed by the anxiety of it all.

The truth is, doing nothing just makes long-term care planning more difficult. When the inevitable happens to 70% of us, an illness, disease or accident requiring (or soon to be requiring) LTC – it can be too late to be eligible for long-term care insurance, or the cost escalates. There is a better way and Capital Retention is here to help your family plan for these long-term care eventualities and keep your nest egg intact.


When do Long-Term Care Benefits Begin?

Your policy states how you become eligible for long-term home health care insurance benefits. For example, your policy may state that a licensed healthcare practitioner must submit a plan of care that certifies you are chronically ill, meaning you will need help with at least two of the six activities of daily living, (see below) for at least 90 consecutive days, or you need continual supervision due to a severe cognitive impairment. Your long-term care insurance agent can assist you with claim questions. There is a normally a 90-day exclusion period before long-term care benefits begin, but this is waived when electing for the cash benefit (a percentage of the Home Health Care benefit).

Activities of Daily Living means the following self-care functions:

Bathing means washing oneself by sponge bath: or in either a tub or shower, including the task of getting into or out of the tub or shower.


Eating means feeding oneself by getting food into the body from a receptacle (such as a plate, cup or table) or by a feeding tube or intravenously. Eating does not include preparing meals.


Continence means the ability to maintain control of bowel and bladder function: or, when unable to maintain control of bowel or bladder function, the ability to perform associated personal hygiene (including caring for catheter or colostomy bag).


Toileting means getting to and from the toilet, getting on and off the toilet, and performing associated personal hygiene. Toileting does not include other activities that take place in the bathroom or lavatory.


Dressing means putting on and taking off all items of clothing and any necessary braces, fasteners, or artificial limbs.


Transferring means moving into or out of a bed, chair, or wheelchair. Transferring does not include mobility outside of the home or facility, including but not limited to transportation.


As a reminder, it is important to apply for a long-term home insurance policy while you are still relatively healthy. Waiting until after physical or cognitive health is declining may disqualify you, or cause a jump in premium rates.