What is Long-Term Care
It is estimated that at least 70% of people over 65 will require some type of Long Term Care (LTC) support at some point in their lives. LTC covers many types of assistance, both medical and personal care.
Many people needing long term care help are not really sick, they just need assistance with some Activities of Daily Living (known as ADLs). Having a Long Term Care insurance policy buys choices in living options when that time comes.
The main goal and purpose of Long Term Care Insurance is to help a person maintain independence as much as possible and be able to function in the setting of their choice. Those settings might include living at home with a caregiver, in an assisted living center or if necessary, a skilled nursing center.
Usually once a person needs help with 2 out of the 6 Activities of Daily Living a Long Term Care policy will begin to pay out for care.
Activities of Daily Living (ADLs)
- Transferring in or out of the bed or chair