Long-Term Care Insurance for Financial Health

Considering long-term care costs is essential to a successful financial plan. Physician’s Resource Services helps physicians purchase long-term health care.

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Schedule A Consult

The PRS team is equipped with the tools you need to improve your financial standing. Request a meeting with one of our advisors.

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Who We Help

Whether you’re transitioning from resident to practice or preparing for retirement, PRS is ready to assist you.

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We Assist You With Long-Term Care Planning

Even when you’re a physician in good health, it’s essential to consider the next phase of your life. You’ve successfully transitioned from medical school to practice, and it’s time to establish your financial plan. What steps are you taking to make sure you’ll be comfortable when you’re older? Physician’s Resource Services helps you implement a sound financial plan and secure traditional long-term care coverage. We negotiate with insurance companies to help you choose insurance policies that cover care costs when you experience a chronic medical condition, disability, or disorder.

Our plans are tailored to your specific needs and aligned with your plans for the future. In general, long-term care insurance policies reimburse you for the care given in the following institutions:

  • Nursing homes
  • Assisted living facilities
  • Adult daycare centers
  • Your home

How Long-Term Care Insurance Works

Traditional long-term care policies are similar to other forms of insurance. You pay the premium for the plan’s duration and make a claim when you require service. The amount of coverage depends on the plan you select. Policies will explain your benefits and how much money you receive daily or monthly during your benefit period up to a maximum. You become eligible for benefits when you can no longer perform activities of daily living.

PRS helps you navigate the insurance application process and find plans that suit your financial strategy. We make planning for long-term care a less stressful and more affordable experience. Whether you’re fresh out of medical school or well into your career, we’re prepared to support you with high-quality policies at excellent rates.

Expansive Long-Term Care Insurance

Explore Long-Term Care Insurance Coverage Options and More

Finding the time to save money or build a comprehensive financial plan is challenging. PRS supports physicians with the consultative services they need to implement solid investment management, tax planning, and debt management strategies.

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Choosing the Best Long-Term Care Insurance for Your Situation

PRS is determined to give back the time physicians spend building a robust financial plan. Our team guides your strategy so you can focus more on providing care to patients and spending time with family. As insurance agents, we learn the requirements and nuances of every policy so we can provide a plan that’s compatible with your current and future needs.

  • Consider Linked-Benefit Policies

    Many long-term care policies combine with other benefits, like life insurance or an annuity. You typically pay a fixed amount divided into annual payments in return for long-term care coverage and a certain amount of life insurance that diminishes if you use the care benefits. These policies are more expensive than traditional coverage, but the premiums don’t rise.

    PRS can review your eligibility for a linked-benefit policy and evaluate whether a hybrid plan is a good fit for your financial strategy.

  • Explore All Your Options

    The PRS team understands that choosing a long-term care insurance plan is daunting. There are many options, and without a complete idea of your financial strategy and the insurance landscape, coming to a final decision can feel impossible.

    Our advisors weigh your options within the context of your financial plan and guide you through the application process. We learn your goals and help you choose a plan that allows you to achieve them.

  • Understand Your Financial Situation

    The PRS team supports you with long-term care planning options that match your specific situation. We help you determine whether care insurance is the right choice for you and find the best plan to cover long-term care costs. Our team researches policy limits, discounts, exclusions, and deductibles to clarify coverage benefits and clearly illustrate the impact of purchasing a long-term insurance plan on your financial strategy.

Schedule A Consult

Long-term care gives you comfort in difficult times. Make sure you make the right decision with PRS’s high-quality consultative services.

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Who We Help

Since 2007, the PRS team has helped thousands of physicians solidify their financial plans and prepare for the future.

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