Most of us can expect to need long-term care as we grow older. We may suffer from a disabling accident, chronic illness or simply grow old enough to be unable to care for ourselves. Long Term Care insurance is just one way to pay for the cost of care. Many Americans use this type of insurance as a way to cover future long-term care costs, and protect their assets and their families. The goal of long-term care is to help you maintain your lifestyle as you age. Medicare, Medicare supplement insurance, and the health insurance you may have at work usually won’t pay for long-term care. The need for long-term care impacts the entire family, not just the person requiring care. For example, if your son or daughter is taking care of you, it may bring you closer together in some way. But providing that care can be time-consuming, stressful, or exhausting for a caregiver. It also takes them away from their own obligations including their children, their spouses, and their job. Long Term Care Insurance can provide the money needed to hire a professional caregiver, thereby relieving family members of this obligation.
You have multiple options for long-term care, from home and community care services to facilities that help care for you 24 hours a day/7 days a week.
1 -HOME & COMMUNITY CARE SERVICES
Home care services allow you to live in your own home or to return to your home by helping you complete activities of daily living that you can’t manage alone. Adult daycare is an option that provides a program of therapeutic and social services in a community group setting through an adult daycare center.
2-FACILITY CARE SERVICES
Facility care services include assisted living facilities that offer on-site support for carrying out the activities of daily living, and nursing facilities that offer more intensive care related to patient supervision, therapies, rehabilitation, and medication.
Long-term care can be expensive, and the costs are expected to rise even higher. With medical and technological advances, we are living better, healthier, and longer lives. It is because of this longevity that we might need someone to help take care of us later in life. Living a long life has become a reality. Planning for it has become a necessity.
$4,957 – Homemaker Services
$5,148 – Home Health Aide
$1,690 – Adult Day Health care
$4,500 – Assisted Living Facility
$7,908 – Semi-Private Room
$9,034 – Private Room