CARING TODAY'S EASY GUIDE TO LTC INSURANCE
Get the facts on long-term care
OVERVIEW
Taking a long, hard look at long-term care
Seeing is believing. And as a caregiver, you've seen long-term care up close. The time. The effort. The expense. You know the emotional, physical and financial impact it can have on families. But, in concentrating on the immediate needs of a loved one, believing you too could one day be in the same situation may not yet even be a consideration-especially when you are fairly young.
According to the U.S. Department of Health and Human Services, 70% of people over the age of 65 will need some services and supports "to meet health or personal care needs over an extended period of time."* So, for the majority of people, it's not as much a question of "if" they'll need long-term care than "when" they'll need it. However, the sad truth is the need for long-term care can happen at any age. So, what will you do in the future if a chronic illness or disability causes you to need assistance with the activities of daily living such as bathing, eating or even using the bathroom?
- Are you prepared?
- Are you concerned?
- Have you thought about your future?
This section of Caring Today is specifically tailored for you to be proactive and start thinking about the important issue of long-term care for yourself and the people you may one day have to rely. And, in laying out the questions you need to ask, the terms you need to know and the financial planning options available to you (including an in-depth look at long-term care insurance), it will hopefully give you one less thing to worry about. Here we explain the basics of long-term care.
*U.S. Department of Health and Human Services, National Clearinghouse for Long-Term Care Information
LTC INSURANCE: THE ABC's OF IT
10 INSURANCE QUESTIONS TO ASK YOURSELF
LTC INSURANCE: A REALITY CHECK
A GLOSSARY FOR LONG-TERM CARE AND LTC INSURANCE