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Long-term care insurance is a type of insurance designed to cover the costs associated with long-term care services, which are not typically covered by regular health insurance or government programs like Medicare. These services include assistance with activities of daily living (ADLs) such as bathing, dressing, eating, and mobility, as well as medical care provided in various settings including at home, in assisted living facilities, or in nursing homes.

​Many of us worry about who will take care of us if something happens, and no one wants to be a burden. Your Long Term Care Insurance benefits can be used to pay for Home Health Care, Assisted Living Facilities, Adult Day Care, and Nursing Homes.  In fact, 72% of all LTC claims are paid for Home Health Care. This service is where an aide comes into your home to help with your Activities of Daily Living and also provides help with cooking and cleaning.  Long Term Care Insurance will help ensure you will be able to stay in your own home to receive care.

By planning ahead with long-term care insurance, individuals can protect their savings and assets, reduce the burden on family members, and ensure access to quality care when it's needed most.

 Did you know that...

  •  At least 70% of people over 65 will need long-term care services and support at some point in their lives.(Source: 2015 Medicare & You, Centers for Medicare & Medicaid Services)

 

  • About 68% of nursing home residents and 72% of assisted living residents are women.
    (Source: Long-Term Care Services in the United States: 2013 Overview, National Center for Health Statistics)

 

  • The national median daily rate in 2014 for a private room in a nursing home was $240, an increase of 4.35% from 2013.
    (Source: Genworth 2014 Cost of Care Survey, March 2014)

 

  • The average length of a nursing home stay is 835 days—or more than two years. But I had several relatives, both with Alzheimer's, who were in homes for five years. (Source: Centers for Disease Control and Prevention, Nursing Home Care FastStats, last updated May 2014)

 

  • At a median daily rate of $240, an average nursing home stay of 835 days currently costs over $200,000, making it virtually unaffordable for many Americans. (The average hotel room is just $121/day!)

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