LTC Awareness Month Is Next Month

The month of November is dedicated to drawing awareness to the importance of long term care planning and how long term care events affect both individuals and families. During Long Term Care Awareness Month, many organizations and service providers offer additional resources and information to help individuals plan for the future or manage a current long term care event with a friend or loved one.

Review this checklist to make sure you and your loved ones are prepared during LTC Awareness month.

LTC Awareness Month Education Checklist

  1. When is long term care needed? When an individual can no longer do two out of six of activities of daily living on their own, such as eating, bathing, dressing, transferring from a bed to a chair, toileting, and continence. Other conditions include cognitive impairments, such as Alzheimer’s or dementia, which can make it unsafe for an individual to live on their own and care for themselves.
  2. Have you had a conversation with your parents or loved ones? It’s estimated that 70% will need some form of long term care in their lifetime. A long term care event can be challenging for any family to face. Start the conversation now by speaking with your parents or loved ones and developing a plan for care when they need it.
  3. Are you in your retirement planning years? It’s time to create a long term care plan. Review your options including where you want to receive care (at home, assisted living, nursing home, etc.) and how you’ll pay for it (personal funds, savings, insurance, etc.).
  4. Curious what the cost of care is in your area? Our online cost of care map shows the current cost of home care, assisted living, and nursing home care based on your state. Keep in mind, these rates will continue to rise each year with inflation. The cost when you need care may be much higher and should be calculated when creating your plan.
  5. Is Long Term Care Insurance offered at your work? Take advantage of premium discounts and underwriting concessions when buying coverage through an employer-sponsored plan.
  6. Should spouses buy LTC insurance together? You’ll save money on your premiums when you buy coverage with your spouse and are both approved. Adding Shared Care is another advantage which allows you to share your benefit pool with your spouse if they need it. After all, you share everything with your spouse, why not your LTC insurance?
  7. How does LTC insurance help the family? A long term care event can be mentally, emotionally, and even physically challenging for family members in caregiving roles. LTC insurance relieves the stress or pressure of caregiving by paying for care in a preferred setting and providing resources to help the family manage the event.

Are you and your family prepared to handle a long term care event? This November, take the time to have these important conversations about the future. Get a free, instant quote for Long Term Care Insurance here.