Disability & Long Term Care Insurance: What It Is and What It Isn’t

No one wants to contemplate being sick or injured and out of work for an extended period. Unfortunately, when you don’t take the time to plan for the worst-case scenario, you’re much more likely to be in an even worse financial situation when disaster strikes. Here’s how Chester, NJ residents can better prepare for disability and long-term care.

What Disability Insurance Covers

Disability insurance is best described as insurance for your paycheck. This means that should you be unable to work for an extended period, you can still have an income and make ends meet while you recover. With disability insurance, you can buy groceries and pay your mortgage, rent, credit card bills, or car payment without finding yourself in a bind. However, this type of insurance won’t pay for doctor’s visits or medical bills like traditional health insurance.

What Long-Term Care Insurance Covers

Consider if, in this scenario where you’re out of work for an extended period, you require in-home care or a nursing facility. These services don’t come cheap, and most health insurance plans don’t provide adequate coverage if they even cover it at all. Having long-term care insurance ensures you’ll have access to the care you need when you need it, without needing to rely on or be a burden to your loved ones. Again, this does not replace traditional health insurance but adds additional protection.

Find the Right Coverage With Help From The Insurance Outfit

Shopping for disability and long-term care insurance in Chester, NJ can be overwhelming. At The Insurance Outfit, we understand. That’s why we work with you to find the right coverage at the right price by comparing plans from all of the top providers in the country. Contact us today to learn more.