Long Term Care

Long Term Care insurance provides coverage for services needed by people who are no longer able to care for themselves due to chronic illness, injury or the effects of aging. The voluntary group Long Term Care insurance available through Norvest to public sector employers and associations is custom designed to provide discounts and can be offered to spouses, partners, siblings, parents, parents-in-law and children (including adopted and foster). Families and individuals acquire Long Term Care insurance for the following reasons:

  • Substantial tax advantages
  • To protect and preserve retirement assets and pension income
  • Maintain choices for care, whether it is at home or in a facility
  • To avoid Medicaid spend down (impoverishment)
  • To avoid being a burden to family and loved ones