What is long term care?



Long term care insurance covers services for individuals that require medical or non-medical care due to a chronic illness or disability. More then 65 percent of people will need long term care services in their lifetime. About 40 percent of the individuals receiving some type of long term care services are between the ages of 18 and 64. As people can older their risk for needing long term care increases. Many studies suggest that about 50 percent or more of people will need some type of long term care assistance in their lifetime.




Why do you need long term care insurance?



If you wait until a life changing event occurs, it could to be too late to receive the benefits of a long term care insurance policy. Long term care insurance will take the burden off of family members for caring for a loved one by covering services a loved one might need such as home care, assisted living, adult daycare, respite care, hospice care, nursing home, and alzheimer's facilities. By having a long term care insurance policy, you will be protected from day one should any event occur in your life that services are needed. Long term care insurance policies generally cover all the expenses for an individual up to the policy maximum. The average cost for living in a long term care facility is about $65,000 a year. By having long term care insurance you will be able to remain independent and well cared for. Be prepared when the time comes and get long term care insurance today.




Choosing a long term care facility



Choosing a long term care facility can be a daunting task for most people, as they are not familiar with long term care facilities. Begin by my making a list of daily activities you will need assistance with such as bathing, dressing, going to the bathroom, walking, etc. Next, make a list of the special health care needs you require such as speech therapy, physical therapy, oxygen, nursing care, rehabilitation needs, etc. After you have completed these lists you are ready to start contacting long term care facilities and find out the rates of several places in your area. Its typically a good idea to contact 3-5 facilities and make appointments to visit them if they fit your needs you listed earlier. Remember, if you have long term care insurance, be sure to contact your agent to find out your amount of coverage.

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