Long Term Care Insurance

What is Long Term Care Insurance? Long term care insurance pays for nursing home stays and home health care. Long term care is a step beyond medical and skill nursing care. It includes all of the assistance you could possibly need if you ever have a chronic illness or a disability that leaves you unable to care for yourself for a prolonged period of time. Individuals can receive long-term care at home, in an assisted living facility, or in a nursing home. Long term care is assistance with any activities of dialing living, which can include bathing, dressing, transferring, eating and continence. Long-term care can also include short term rehabilitation.

Will I need long term care insurance?

Most Americans plan carefully for their retirement while they overlook one of the greatest financial risks we all face as we age. That risk is that possible need for an extended nursing home stay or the need for continual care at home.

Most everyone has car of fire insurance. However, approximately only one in about 1200 homes actually catch of fire and approximately one in 240 people user their car insurance. More than 50% of men and women over the age of 65 will need long-term care insurance. By the year 2020, 12 million people will need care and most will receive care at home.