Long-term care insurance is an essential consideration for adults of all ages. The right coverage brings peace of mind because you know you are financially prepared for future healthcare needs. Crosby Insurance Group will help you explore the best long-term care options, considering your potential needs and budget. If you live in Mount Pleasant, Charleston, Isle of Palms, Sullivan’s Island, Beaufort, Hilton Head, and surrounding areas, contact us for a free quote.
Long-Term Care Insurance in Charleston, SC
Why You Need Long-Term Care Insurance
Long-term care insurance helps cover the high costs of care that typically aren’t included in regular health insurance or Medicare, such as assistance with daily activities like bathing, dressing, or eating. As people age, the likelihood of needing long-term care increases, whether in a nursing home, assisted living facility, or through in-home care services. Even younger people can find themselves in need of long-term care due to a debilitating disease or accident.
Without this coverage, you could quickly deplete your savings, placing financial strain on yourself and your family. Long-term care insurance ensures that you’ll be able to receive necessary ongoing assistance without breaking the bank. It also gives you greater control over the type of care you receive, providing more choices and a higher quality of life. With the high cost of healthcare, planning for long-term care is a proactive way to protect yourself against unexpected expenses and not fear you’ll become a burden on your loved ones.
Long-Term Care Challenges in the Charleston Area
Coastal communities in South Carolina face some challenges related to long-term care planning that other areas experience to a much lesser degree.
- The 65+ population of Charleston and Mt. Pleasant has grown from 12.9% to 18.2% in the last 15 years, driving wait lists at the 30 or so licensed nursing homes and assisted living facilities in the county. At the same time, urban gentrification is pushing up land values, making Medicaid-eligible beds scarce.
- Barrier-island geography means zero skilled nursing beds on the Isle of Palms and Sullivan’s Island. Residents must cross bridges to Mt. Pleasant or downtown Charleston for care and face mandatory evacuations of healthcare facilities when hurricanes threaten.
- While SC’s statewide median nursing home price (private room) is about $7,727 per month, the median monthly cost in coastal locales is close to $9,000 as labor and real-estate costs climb. Home-care agencies in the region quote $27 an hour on average, making receiving services at home more attractive for many due to personal and financial reasons.
Planning early for long-term care in Charleston, Beaufort, and the surrounding islands is the only way to lock in affordable coverage before costs, storms, or workforce shortages limit your options.
Why Choose Crosby Insurance Group?
Crosby Insurance Group is an independent insurance agency that provides personalized service to individuals and professional organizations in South Carolina. We work with a carefully selected group of reputable and financially secure insurance carriers with the goal of placing your policy with the company offering the best coverage at a competitive price.
Crosby Insurance Group is dedicated to helping you find the right long-term care plan to address your future health issues and protect your financial future.
Contact Us
Protect your health and financial well-being with a long-term care insurance policy from Crosby Insurance Group. Contact us today to learn more about our options and get a free quote. Our team is ready to help you secure the best coverage for your needs in Charleston, SC, and surrounding areas.
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INDIVIDUAL INSURANCE
BUSINESS INSURANCE
RETIREMENT SERVICES
