Long Term Care Insurance
About Long-Term Care Insurance
Long-term care insurance helps pay for the cost of extended care when you are no longer able to care for yourself due to a long-term illness (such as dementia or MS) or if you require assistance with at least two of the six activities of daily living (ADL’s) for any reason. It is impossible to know exactly if, and when, the need for long-term
care will occur. A national study projecting nursing home usage noted,
that among people who live to age 65, almost half will need nursing home
care. They also reported that women are more likely to need nursing home
care than men.(1)
When people think of long term care, they believe it is for senior citizens
and they don’t have to worry. The facts show otherwise. Over 40 percent
of people receiving long-term care are under the age of 65. The reasons
are varied; accidents, multiple sclerosis, stroke, brain tumor, or even
Parkinson's disease. (2) All of these conditions may occur at any time.
Though we would like to think otherwise, they can happen to anyone...at
any age.
Source:
1. http://www.usmayors.org/uscm/us_mayors_newspaper/documents/07_17_00/care_articles.html
2. http://www.opm.gov/insure/ltc/snippetts.html
Ask a Question-
Share Advice – do you have experience or advice that might help others? Please type it into the “Comments” box on the next page, and we’ll share it on the site. Thank you!Comments