Long-term-care has recently become one of the hottest topics for retirees and seniors. Previous generations may have taken care of elderly, however, more recent activity is trending toward seeking professional care. Needing long-term health care is not rare. It is virtually guaranteed! But, while statistics are interesting, they're not as compelling as what you'll hear from family and friends. For example: recent statistics show that forty-three percent of people over age 65 will spend time in a nursing home. But, what truly compelling is listening to stories like the following: "Mrs. Johnson just spent her last dollar to pay her nursing home bill…"
When a consumer buys a fire insurance policy they are protecting themselves from a potential risk that most likely will not occur. Long-term care, however, is something far different. It's almost guaranteed you'll use long-term care insurance if you've purchased it. Therefore costs are higher, and get higher the longer you wait.
To help you make the right decisions about long-term care insurance, Plan-for-Retirement will post all the best, and most recent news and information we can find. We also invite you to register for your free guide to long-term care insurance: "Avoid Mistakes in Buying Long-Term Care Insurance". This booklet will outline important issues to consider when purchasing long-term care insurance, along with available information on LTC rates in your area.
Enjoy!
Long-Term Care Articles:
Long-Term Care: Defined -
As a result of disability or a prolonged illness, long-term care is the assistance provided when someone is unable to provide for him or herself. It is a broad range of supportive medical, personal and social services needed by people who are unable to meet their basic living needs. Read the full article...
Who Needs Long-Term Care Insurance -
Statistics indicate that almost half of all senior citizens (people over age 65) will require long-term care. So, doesn't everyone need long-term care insurance? The truth is, you may or may not. Read the full article...
Long-Term Care Services -
Long-term care can be skilled nursing care, or custodial care to help with the activities of daily living. The settings can be nursing home, assisted living facility, your own home, adult day care center. Read the full article...
Understanding Long-Term Care Benefits -
HIPAA legislation is specific for receiving benefits under a tax-qualified policy. First of all it defines qualified long-term care services and then defines the conditions to be met for the insurance to pay. Read the full article...
Advantages to Homecare -
Most of those receiving long-term care and most caregivers prefer a home environment. Out of an estimated 11 million Americans receiving care, probably about 8 million are in their own home or the home of a family member or friend. Read the full article...
Nursing Homes -
Types of care that may be administered only by a nursing home in your state, is defined by state regulations. Generally "medical procedures" are limited to nursing home providers, when not in a hospital. Read the full article...
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