Long Term Care insurance means choices,
options, freedom, and quality of life.
When it comes to long-term care, it doesn't pay to be shortsighted, because the future may
well find us ill prepared...both emotionally and financially.
When confronted with the phrase "Long-Term Care", the average person thinks of nursing home insurance. When actually, LTC
insurance may be the only thing that keeps you out of a nursing home!
What is Long-Term Care Insurance?
* Long Term Care is not necessarily medical care but rather
"custodial care." Custodial care involves providing an individual assistance
with activities of daily living or supervision of someone who is cognitively
impaired.
* To better understand Long Term Care, think of the activities
that you performed when you woke up this morning. You probably:
1.
Climbed out of bed
2.
Walked to the bathroom
3.
Used the toilet
4.
Used the bath or shower
(Shaved, combed your hair, brushed your teeth, etc.)
5.
Got dressed
6.
Ate breakfast
*
While we are healthy it is easy for us to take for granted the
above Activities of Daily Living (ADL's). However, when we are in an
automobile accident or stricken with a degenerative condition such as brain
tumors, ALS (Lou Gehrig's), Parkinson's Disease, Multiple Sclerosis, AIDS,
an aneurysm or a stroke these ADL's becomes impossible without the
assistance of another person.
*
This type of care is Long Term Care. It is the same type of
care that a parent must provide for their new baby. This type of care is
chronic (full-time) and thus becomes very expensive.
And everyone's
life changes when a family member needs long-term care!
It takes an emotional toll on loved ones.
*
Long Term Care can be provided in many settings including
your own home, assisted living facilities and adult day care, and yes, even
a nursing home if it is needed.
Like any insurance product, Long Term Care Insurance allows us to pay an
affordable premium to protect an unaffordable catastrophic event.
