• Long Term Care Insurance

  • As we get older we eventually need assistance with things such as activities or could be a medical problem. You have to stop and think, who will take care of you? How can you afford it? Nursing care is not inexpensive and you can expect family to be by your side 24/7. When you are at the age your children will have their own family and a full time job. When you start thinking these questions, it may be time to find out about long term care insurance.

    Someone with a prolonged physical illness, a disability or a cognitive impairment (such as Alzheimer's disease) often needs long-term care. Many different services help people with chronic conditions overcome limitations that keep them from being independent. Long-term care services may include help with activities of daily living, home health care, respite care, hospice care, adult day care, care in a nursing home, or care in an assisted living faciluty. Someone with a physical illness or disability often needs hands-on or stand-by assistance with activities of daily living. People with cognitive impairments usally needs supervision, protection or verbal reminders to do everday activities.

    Personal care (sometimes called custodial care) helps one with activities of daily living (ADLs.) These activities include bathing, eating, dressing, toileting, continence and transferring. Personal care is less involved than skilled care, and it may be given in many settings.

    Long Term Care Insurance is not for everyone. If you already have certain medical conditions, an insurance company may not insure you. Listed below are some things you should consider when debating to purchase long term care.

    • Is it affordable?

    • You have significant assets and income

    • You may want to stay independent of the support of others

  • Wendy Boglioli