LONG TERM CARE INSURANCE
The Reality on Long Term Care Insurance
Long Term Care is a service provided in a facility such as a nursing home - Assisted Living Facility or home health care when the nurse or aid will actual come into the person’s home a give care. Long Term Care is typically not skilled care but custodial which is help with every day activities of daily living (ADL’s) such as eating, bathing, dressing, transferring, toileting, and maintain continence. If you have Long Term Care Insurance most or all of your LTC costs can be paid, depending on which policy you buy.
- New England Journal of Medicine recently reported that about 49% of people who are 65 plus will need long term care assistance before they die.
- The Wall Street Journal states that almost 50% of seniors 85 and up have Alzheimer’s or some form of dementia which is the number one cause for needing long term care. WSJ also reports that even children are buying long term care insurance for their parents.
- Harvard Magazine says: People are living longer with men living 80.9 years and women living 84.5 years. Modern medicine is keeping people alive longer, but most will need some form of long term care before they die. More LTC statistics.
Long Term Care is a service provided in a facility such as a nursing home - Assisted Living Facility or home health care when the nurse or aid will actual come into the person’s home a give care. Long Term Care is typically not skilled care but custodial which is help with every day activities of daily living (ADL’s) such as eating, bathing, dressing, transferring, toileting, and maintain continence. If you have Long Term Care Insurance most or all of your LTC costs can be paid, depending on which policy you buy.
