What is long-term care?

Long-term care is the assistance one might need for an extended period of time due to severe illness or disability. Usually this is a period in which you cannot care for yourself. This assistance can be given in the home, assisted living facilities, adult care centers, and nursing homes.

What is Long-Term Care Insurance?

Long-term care insurance helps protect you and your family in case this type of care is needed, and is recommend to anyone over the age of 65. This insurance is needed because people over the age of 65 are at a significantly higher risk of needing some sort of long-term care that can be brought on by illness, accidents, or normal impacts of age. Long-term insurance can be purchased to ensure that your current retirement assets and work are covered. These include things such as 401(k), 403(b), and other savings. People between the age of 40-70 should consider long-term care plans.

Payment plans

Long-term care can be expensive. But, depending on budget and need there are different options to the type of long-term insurance that is best for you.

Ways to pay for long-term care insurance include:

• Personal savings or Private Health Insurance
• Medicare or other health policies
• Medicaid and other state programs
• Catastrophic Care Policies