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Renowned Insurance Executive Laurel Blond

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The Benefits of Long-Term Care Insurance

An experienced insurance professional, Laurel Blond currently oversees the Maurice Blond Agency, Inc., as the New York-based company’s president. Laurel Blond’s professional expertise includes life insurance and long-term care insurance.

Despite the fact that most people will need some sort of long-term care after they retire, a relatively small number of Americans sign up for long-term care insurance. In fact, only 7 percent of the nation’s population currently has any such protection. Although many people may be unaware that this type of insurance exists, the main reason more individuals do not purchase long-term care coverage is the cost.

While prices vary, depending on personal factors, such as age and health, the annual cost for long-term care insurance is typically no more than a few thousand dollars. However, the annual cost of long-term care without insurance can run anywhere from $30,000 to $100,000. In addition to having financial benefits, long-term care insurance can provide peace of mind and protect caregivers, including adult children, from the physical and emotional strain of caring for an ailing parent.


From the Desk of Laurel Blond: Long-Term Care Insurance

If you have health insurance, your insurance pays your medical bills in the event of illness or injury. Health insurance, however, usually does not cover the costs of long-term care, which may present a significant financial risk.

Long-term care insurance offers protection if you require sustained support due to a disability or chronic illness. The insurance covers care both in a nursing home and in your own home or an assisted-living facility. A long-term care policy might also cover the cost of services such as visiting nurses, meal preparation, help with household chores, or adult daycare.

Long-term care is expensive, though the amount depends on the length of time and the level of care required. Most long-term care expenses are borne by the patient and the family. Medicare pays a limited amount and often covers only short-term care. Medicaid is available for people who meet federal poverty guidelines and for nursing home residents who have exhausted their savings.

Several types of long-term care insurance exist. Premiums vary depending on the level of benefits you choose as well as your age and other factors. A licensed agent who specializes in long-term care insurance is the best source for extensive information.

Maurice Blond Agency, Inc., offers a comprehensive range of insurance, including disability, health, and life. Laurel Blond serves as President of the agency, which is located on New York’s Fifth Avenue. Possessing expertise in long-term care insurance, Ms. Blond shares her knowledge at numerous seminars. Laurel Blond is married to Rabbi Leib Tropper. The couple has three children and one grandchild.