Mountain America Credit Union members now have access to long-term care insurance.

The Salt Lake City-based credit union along with Mountain America Insurance Services, LLC have partnered with Intermountain Insurance Advisory Group, an independent insurance agency, to provide credit union members with LTC insurance solutions.

LTC insurance covers a person in the event that they are diagnosed with a prolonged physical illness, disability or cognitive impairment and need care in a nursing home or assisted living facility.

With most long-term care not covered by health insurance, Medicare or Medicaid, many people must pay for it out of their own pocket.

“Mountain America is always looking for ways to help members protect their financial security, and we saw a real need for long-term care coverage, especially for our senior members,” said Gene Erickson, chief operating officer for Mountain America Insurance Services.

For Mountain America, long-term care insurance is just one of many new products and services that will be rolled out to the community in 2011. “We plan on launching a series of new initiatives,” said Marshall Paepke, president of Mountain America Insurance Services.