What is Long Term Care?

Long term care is classified as any stay or confinement in which a patient is receiving a variety of services for an extended period of time. In most cases it is not covered under traditional Medical coverage. What determines weather a person needs Long Term Care, is an evaluation on weather that person is able to perform daily living activities.

Typically there are six activities of daily living, or ADLs). Dressing, Bathing, Eating, Transferring (Moving from one place to another), and using the toilet. If a person is unable to perform two out of the six ADLs they are considered to need some level of long term care. If you are retired and on Medicare you need to know that Medicare does NOT pay for Long Term Care. Medicare will only pay for a short stay in a nursing home, up to 100 days, and only if you meet the requirements. Long term care is also very expensive. The average cost nationwide is nearly $75,000 a year.

Most people believe that they will never need long term care, But the statistics say that 6 out of 10 people will need some level of long term care during there lifetime. That means that you have a greater chance of needing Long Term Care (60%) than not needing it.

Because of those statistics and the high cost of Long Term care, many people have begun to look at a better way to pay for those high cost’s, Long Term Care Insurance.

Long-Term Care Insurance will cover most or all of the cost of receiving the care you will need. It will protect your hard earned savings or nest egg from being depleted from LTC expenses. We encourage you to evaluate weather LTC Insurance is the right choice for you and your loved ones.