WELCOME TO LTC CONSUMER: YOUR COMPREHENSIVE LTC RESOURCE
You do a lot to plan for the future. You purchase health insurance in case you get sick, life insurance to protect your family when you can not, and open an IRA and/or 401(k) account to prepare for retirement. However, your financial goals are incomplete without a concrete plan to cover the cost of an extended illness or accident that stops you in your tracks. And according to the US Department of Health and Human Services: 70% of people turning age 65 will need long term care at some point in their lives.
People may think that traditional health insurance will pay for long term care needs. It does not. Health insurance pays for medical expenses, doctors’ services and hospital stays. In most cases, it won’t cover the costs of home health aide or assisted therapy. Medicare and Medicaid might cover some things but have severe restrictions and limitations.
Forming a long term care plan — whether it be through private long term care insurance (LTCI), LTCI provided by an employer, or by setting aside assets to pay for future events — is an important and responsible activity so that you can remain independent, choose where you receive treatment, preserve your savings, and above all, protect your family from the emotional and financial strain of providing your care.
EVERYONE NEEDS A SOLID STRATEGY
Not everyone needs long term care insurance, but everyone needs a long term care plan. LTCconsumer.com was developed to be the “go to” resource for long term care preparation; deconstructing the issues surrounding long term care planning and educating on the options.
Most families will find a way to provide care for their loved ones. However, few people understand the physical, emotional, and financial tolls of giving that care. Very often, family-members find they’re in over their head. At this juncture, before stress clouds your judgment, knowledge is imperative. Breathe easy: we’re here 24/7/365 to help you make sound decisions across the continuum of care.