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Long term care involves a wide v
 Long term care involves a wide variety of services for people with a prolonged physical illness, disability or cognitive disorder (such as Alzheimer's disease). Long term care is not one service, but
many different services aimed at helping people with chronic conditions compensate for limitations in their ability to function independently. Long term care differs from traditional medical care as it is designed to assist a person to maintain his or her level of
functioning, as opposed to care or service that are designed to rehabilitate or correct certain medical problems. Long-term care services may include, but are not limited to, help with daily activities at home, such as bathing and dressing,
respite care, home health care, adult day care, and care in a nursing home.
Persons with cognitive impairments generally need supervision, protection or verbal reminders to accomplish everyday activities. Persons with physical illnesses or disabilities often need hands on assistance with activities of daily
living. The activities of daily living, shown below, are considered personal care (also know as custodial care) and are generally not covered by Medicare, Medicare supplement insurance, or major medical insurance provided by most employers.
- Bathing- Bathing oneself or getting in and out of a tub or shower
- Continence- Maintaining bowel and bladder control
- Dressing- Putting on or taking off clothing, appendages or necessary braces and fasteners
- Eating- Feeding oneself
- Toileting- Getting to and from the toilet and performing personal hygiene
- Transferring- Getting in or out of a bed, chair or wheelchair to move from place to place by walking, wheelchair or other means
Long-term Care Insurance can help you shift a significant portion of the financial burden to a third
party should you need long-term care. Current studies show that over half of women and nearly one-third of men age 65 years or older will need some type of assistance or will enter a nursing home. Long-term Care Insurance is currently the
fastest-growing type of insurance being sold in the U.S.
There are three main types of long term care insurance policies:
• Long Term Care Insurance Policy
• Nursing Home Insurance Policy
• Home Health Care Insurance Policy
Long term Care insurance policies being sold today must be approved by the Department of Insurance in your state and there are no bad policies. However, not all policies are the same and there are currently
over 100 companies marketing policies. You should consult a licensed professional in your state to assist you in deciding which type of policy is the most beneficial for you.
The information
provided is intended for informational purposes only and
does not necessarily reflect your particular situation.
This website does not nor does it intend to dispense legal,
tax or financial advice.
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