What you need to know about long-term care

What is long-term care insurance?

Long Term Care Insurance is a type of health insurance designed to provide care to people with chronic illness or injury. Long Term Care Insurance provides medical and non-medical assistance to insured persons, whether they are in a health center, such as a group home or a retirement home, or if they live at home and need it to help with daily care. It differs from other types of care covered by traditional insurance coverage because it covers daycare expenses or the tasks of daily living that most people can perform themselves.
It's often hard to start thinking and talking about long-term care insurance. We do not like to think that we are no longer independent and that we are able to take care of ourselves. However, just like car insurance, life insurance, and homeowner's insurance, long-term care insurance is an extremely important safety and protection element for you and your family. You may never need long-term care, but when a disabling injury or illness affects your life, it often has long-term effects that prevent you from performing your daily tasks, such as taking long-term care. take a bath, get dressed and go to the bathroom. It is at this stage that it is often necessary to have continuous help. It may be difficult, if not impossible, for family members to provide this level of long-term care.

Is long-term care insurance expensive?

Depending on the level of care required and the time required, long-term care can be extremely expensive. Costs may include supplies and medications, nursing or direct care assistance, copying equipment, physical therapy equipment and other needs not covered by traditional health insurance. These long-term care needs may be a temporary situation but are generally health care needs that the insured may have for the rest of their lives.

As with all types of insurance, your long-term care insurance policy may never be the subject of a claim, but if a chronic illness or injury prevents you from taking charge of your activities of daily living independently. In the United States, more than 9 million adults will need long-term medical care this year. This number is expected to reach older people in need of long-term care will benefit from family or friends. Long-term care insurance will cover the costs associated with this type of home care.
Among adults over 65, they have a 40% chance of considering care in a retirement home. About 10% of people who enter a retirement home will stay there for at least five years. When you purchase long-term care insurance, you do not have to worry about whether your health insurance or your primary health care insurance will pay for nursing home care.

What is the problem with Medicare?

Many seniors depend on Medicare to cover their health care costs. Medicare supports medically necessary nursing care, in residential care or at home, but must meet the eligibility criteria and most other options must be paid in different ways, such as long-term care insurance.
 Some will only pay for home care, while others will pay for a wide range of services and care, such as informal home care, adult day care, assisted living facilities or services, and others.
When considering different long-term care plans, it may be very helpful to think about the different activities and functions for which you may need help. You need to consider your future needs, especially depending on the conditions or situations you already face. Think about activities of daily living, such as washing, dressing, eating, going to the bathroom, going to bed or going out, a chair or a wheelchair. Then think of additional services