“According to the U.S. Department of Health and Human Services, 70% of people turning age 65 will need long term care at some point in their lives. Here is what you need to know.” ~ Brad Wilks, LACP
The phrase ‘long term care’ (LTC) refers to the assistance that people with serious illness, injury or cognitive impairment require with activities of daily living. This skilled care is provided by nurses, therapists or other healthcare professionals.
A majority of people believe that medical insurance, such as their private health insurance or HMO, will pay for all or much of their LTC. However, in many cases general health insurance only provides very limited coverage.
That is where long term care insurance (LTCi) comes in.
Author and Source: Crump Life Insurance Services, Inc.