Long Term Care Insurance:The six activities of daily living (ADL) are Eating, Bathing, Dressing, Toileting, Continence, and Transferring. Sickness, injury, and aging can limit your ability to perform these actions. If a person cannot perform two or more of these actions (ADL), they are classified as in need of long term care, which can also referred to as custodial care.
Long term care can last for many years of a person’s life, but could also be for as short as a month or two. Long term care can be provided in a nursing home, assisted living community, as well as within your home.
Another form of assistance surrounding long term care insurance is skilled care assistance. Skilled care refers to medical nursing and rehabilitation services. Medicare and private health insurance will pay for skilled care, but rarely pay for custodial care. Long term care insurance allows the patient to receive the custodial care that they need and deserve.
Reasons to Consider Long Term Care Insurance• Studies have shown that approximately one in every two American will need nursing home care, assisted living, or custodial care
• Nursing home and assisted living costs continue to skyrocket
• Protect live savings and other assets
• Provide access to custodial care that is not provided by most Medicare and private insurance plans
• Ensure peace of mind
• Protect qualities of life for my loved ones and me