Personal Line Insurance
Long-term care services include personal care services like bathing, doing household chores, and other activities, to help you stay independent in your community. Long-term care also includes community services, such as meals, adult day care, and transportation services. Residential facilities, such as assisted living facilities and nursing homes, also provide long-term care services along with housing.
A long term care insurance policy pays some or all costs of nursing home care for qualified individuals. Premiums are based on the age of the applicant and are projected to remain stable for the life of the policy. Premium payments stop when the insured meets the qualifications for long-term care, which include medical necessity, cognitive impairment, and inability to carry out certain activities of daily living.
Understanding long-term care services
and your possible need for services can help you
maximize your independence and functioning at a time
when you may not be fully independent due to a sudden
illness, chronic condition or accident.
Planning ahead for long-term care is important because there is a good chance you will need some long-term care services if you live beyond the age of 65. Almost 70% of people over 65 need LTC. Information on this site can help you plan
Paying for long-term care is difficult. Many people think Medicare pays for long-term care – but it doesn’t. Paying for LTC out of your personal income and resources can be very costly.