Long Term Care

Long Term Care Insurance (LTC)

Long Term Care Insurance – (LTC) is an insurance product which helps provide for the cost of long term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance. Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking. Age is not a determining factor in needing long-term care.

Long Term Care Insurance 3 main areas of eligibility

Mental Impairment

Is there a need for ongoing supervision? Is there, deteriorated mental ability (cognitive impairment)?

Stand-by assistance for bathing and transferring)

Stand by assistance means the insured not only requires assistance toileting and bathing but more seriously in need of another within arm length

Activities of daily living (ADL)

Is there a need for help to perform at least 2 activities throughout the day? Considerations could be but not limited to, help with; -Bathing -Feeding -Transferring & dressing -Toileting & continence

  • What Is it?
  • Will I Need it?
  • Qualifications
  • Cost of care?
  • paying for care in retirement

Long-term care services may be provided in a variety of settings: at home, through adult day care, in a retirement home, assisted-living setting, or long-term care facility. Services may include: nursing care rehabilitation and therapy personal care (help with activities of daily living such as dressing, eating and bathing) homemaking services (cleaning, laundry, preparing meals) having another person there to watch over you and help you when and where you need it