Long Term Care Insurance - LTC
What is LTC?
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.
You can receive this care in a variety of settings, including your
home, an assisted living facility or a nursing home.
Why Would I Ever
The need for long term
care usually arises from age or chronic illness, injury or disability.
In fact, approximately 60% of us who reach age 65 will need long term
care at some time in our lives.1 But it's not just a retiree's issue.
It Can Happen at
Many people don't realize
that the need for long term care can strike at any time. Statistics
show that 40% of people receiving long term care services are working
age adults, between the ages of 18 and 64. Would you be prepared for
long term care, if you suddenly required it?
What It Is and What
What It Is
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.
What It Isn't
Long term care isn't the type of care that you receive in the hospital or your
doctor's office. It isn't the medical care you need to get well from a
sickness or an injury. It isn't short-term rehabilitation from an accident
or recuperation from surgery.
Long term care is not
always administered in a nursing home. In fact, more than 80% of all
people receiving long term care assistance are not in nursing homes.