"Long Term Care" is a term used to describe programs that help people with managing activities of daily living when they are not in a position to perform those activities on their own. These Basic Activities of Daily Living are:
- Bathing - includes shaving and brushing teeth
- Dressing - being able to dress oneself as appropriate
- Eating - feeding self
- Transferring - the ability to move oneself back and forth from bed
- Continence - being able to manage one's own bowel and bladder functions
- Toileting - being able to use the toilet by oneself
Traditionally, Long Term Care is associated with Nursing Homes but you could include Assisted Living Facilities, Adult Day Care, Home Care, and other programs in that same category. Although Medicare may provide some benefits that fall under this category, they are limited (see below for more information on what Medicare covers). As daily expenses can easily reach over a hundred dollars per day and assistance could be required for days to even years - it can be a very smart move to get coverage that could provide tens of thousands of dollars worth of benefits so that you can be well taken care of when you need it most.
USEFUL GUIDES ON LONG TERM CARE
(from 3in4 Association (a non-profit 501(c)(6) corporation dedicated to raising awareness about the importance of long term care planning))
(America's Health Insurance Plans)
IS LONG TERM CARE EXPENSIVE?
Some average costs for long-term care in the United States (in 2010)*:
- $205 per day or $6,235 per month for a semi-private room in a nursing home
- $229 per day or $6,965 per month for a private room in a nursing home
- $3,293 per month for care in an assisted living facility (for a one-bedroom unit)
- $21 per hour for a home health aide**
- $19 per hour for homemaker services
- $67 per day for services in an adult day health care center
*The U.S. Department of Health and Human Services
**Home health and home care services, provided in two-to-four-hour blocks of time are referred to as "visits" and are generally more expensive on weekends, evenings, and holidays.
LONG TERM CARE CONSULTATION REQUEST
SHORT TERM CARE INSURANCE
Qualifying Long Term Care (LTC) Insurance Policies offer tax-deductible benefits. However, the overall expense may still be too much for many individuals. Short Term Care (STC) Insurance Policies have many of the same features as LTC Policies but are structured to meet needs for 12 months or less. STC Policies also are NOT eligible for a tax deduction but, generally, have a lower premium rate than LTC Policies. Our agents offer both types of policies and will work to structure a plan to fit your needs.