What is Long Term Care?
What is long-term care?
Long-term care is often be referred to as LTC and refers to help with activities of daily living. These activities include bathing, dressing, grooming, transfering, and other activities performed to take care of oneself. When individuals are no longer able to complete two or more of these activities without assistance their exists the need for long-term care. Long-term care differs from other forms of care by nature. Long-term care focuses on services provided to promote independence for individuals who can longer care for themselves.
Who needs long-term care?
Long-term care is designed[…]
Who needs long-term-care insurance?
Who should buy long term care insurance?
Anyone who has something valuable that they want to protect or that has daily needs due to a chronic illness or a variation of disabilities. Having basic coverage on long term care insurance covers basic daily needs over an extended period of time. The Agency of Aging says, ” someone turning 65 has a 70 percent chance of needing some type of care of long term care coverage for their remaining years.”
Financial risks in purchasing long term care insurance?
Purchasing long term care insurance does have a cost, but a cost that outweighs the[…]
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