Long-term care insurance
Long-term care insurance provides coverage for quality long-term care that may be needed at any time in life.
Long-term care (LTC) is the care you may need at home if you are unable to perform daily activities on your own, such as eating, bathing, dressing, or going to the bathroom. It may also include care in the community, such as in an adult day care facility. Most costs for extended care needed during recuperation from strokes, accidents, illnesses, and operations are not covered by health insurance or Medicare.
The chances of needing long-term care usually increase as you age, but It is important to recognize that at some time in your life you may require these services. Risk factors for needing LTC include:
- Life expectancy: The longer you live, the more likely it is that you will need LTC.
- Gender: Women are more likely to need LTC because they live longer.
- Married or single: If you are married and have adult children, you may be more likely to receive informal care at home.
- Health factors: If poor health runs in your family, you could be at greater risk than another person of the same age and gender.
Fortunately, LTCi policies can be tailored to cover varying circumstances.
Please contact me about my long-term care insurance options.
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