Long-Term Care (LTC) insurance is important coverage that provides valuable support and financial resources that help cover the cost of long-term care you might need in the event of an illness, accident, or through the normal effects of aging. By helping to protect your assets, and giving you choice and control over where you receive care—including in your home—LTC insurance helps you and your family face the future with confidence.
What Is LTC?
Long-term care is the type of assistance people need to perform normal daily activities such bathing, dressing, transferring, toileting, and continence. Long-term care needs typically arise as part of the normal aging process, but can also be due to an injury or illness, such as multiple sclerosis, stroke, rheumatoid arthritis, or due to a cognitive impairment, such as Alzheimer’s disease. It can also be you need assistance or supervision when you are not able to do some of the basic "activities" of daily living" like bathing, dressing, or moving from a bed to a chair.
Medicare only pays a small amount for the 1st 100 days and then zero. Why use all your savings when it's inexpensive and there's a 70% chance you will use it? See below for estimate on costs.
The majority of those that get LTC, all have some sort of experience with their family and know how important it is to get. Who wants to burden your spouse or family, or have your children bathe you? Why use your hard earned savings over the years to be spent on care when you can protect that?
What Is LTC?
Long-term care is the type of assistance people need to perform normal daily activities such bathing, dressing, transferring, toileting, and continence. Long-term care needs typically arise as part of the normal aging process, but can also be due to an injury or illness, such as multiple sclerosis, stroke, rheumatoid arthritis, or due to a cognitive impairment, such as Alzheimer’s disease. It can also be you need assistance or supervision when you are not able to do some of the basic "activities" of daily living" like bathing, dressing, or moving from a bed to a chair.
Medicare only pays a small amount for the 1st 100 days and then zero. Why use all your savings when it's inexpensive and there's a 70% chance you will use it? See below for estimate on costs.
The majority of those that get LTC, all have some sort of experience with their family and know how important it is to get. Who wants to burden your spouse or family, or have your children bathe you? Why use your hard earned savings over the years to be spent on care when you can protect that?
