Financial Services   >   Long Term Care Funding

Long term care is becoming the nation's health and financial crisis. As the baby boom generation ages, the demands for long term care will rise, as will the costs to pay for such care. Long Term Care Insurance helps participants to alleviate a personal financial crisis by protecting their hard-earned assets and letting them control those care dollars.

According to government estimates, 40% of the individuals who will need long term care will be working adults between the ages of 18 and 64. The remaining 60% will be individuals 65 or older. Accidents, illness and cognitive disabilities may require individuals of any age to receive simple or sophisticated care at home, in a day care or assisted living facility, or nursing home. Most health insurance plans do not cover long term care needs. They may allow for a portion of costs in a limited time period. Traditionally, health plans do not cover ongoing chronic care situations. Neither is Medicare intended to provide long term care. It does cover nursing home care for short periods of time following hospitalization, but will not cover long term care needs of Medicare participants. With these constraints in mind, the ISTA Financial Services Program has developed a plan in which employees of all Indiana School corporations, including retirees, and even the spouses, parents and parents-in-law, are able to enroll. The employee does not have to be enrolled in order for other family members to be eligible.

We offer a variety of plans to fit member or loved ones needs and desires. ISTA Financial Services Program has done its homework to find the programs that offer the most flexibility. As a result, our program is not a one-size-fits-all and has been negotiated with (or to reflect) a significant premium discount.