What is Long Term Care Insurance?
Long term care is something you may need if you can no longer perform everyday tasks by yourself. For example, there may come a time when you need help getting dressed, eating or bathing. It also includes the kind of care you would need if you had a severe cognitive impairment like Alzheimer’s disease. Long Term Care insurance covers: home care, assisted living and nursing home coverage. This can protect the assets you have worked so hard to build up and ensure they are not depleted due to a long term illness where care is needed.
The US Department of Health and Human Services reports that the total number of Americans needing long term care is expected to rise from 15 million in 2000 to 27 million in 2050, an increase of nearly 100 percent which is a staggering statistic. Please read the brochure below to find out all the information you need on long term care.
Click here for a consumer guide to Long Term Care Insurance
Long term care is the type of care that you may need if you can no longer perform “activities of daily living” by yourself, such as eating, bathing or getting dressed. It also includes the kind of care you would need if you had a severe cognitive impairment like Alzheimer’s disease. Care can be received in a variety of settings, including your own home, assisted living facilities, adult day care centers or hospice facilities.
Long term care can be covered completely or in part by long term care insurance. Most plans let you choose the amount of the coverage you want, as well as how and where you want to use your benefits. A comprehensive plan includes benefits for all levels of care, custodial to skilled.