Long-term care insurance offers more than just nursing home coverage
The first image that often comes to mind when people think about long-term care is an
elderly person sitting alone in a depressing nursing home. The misconceptions about what
long-term care involves and peoples’ images of the most common care settings are
understandable, since long-term care insurance originally started as nursing home insurance
four decades ago. However, it has evolved into a much more flexible solution that allows you
to receive care in a variety of settings.
Most of us want the ability to age at home, in a familiar setting surrounded by family and
our favorite things. The fact is, 90 percent of adults who need long-term care services
receive assistance at home or in another community setting.
If the level of care you need evolves over time, most long-term care insurance policies not
only allow you to transition to a nursing home, but some may also provide you with
support during the transition. Since you can’t predict the care you might eventually need,
it’s important to have the flexibility to choose the setting that best fits your needs at any
While most people hope they won’t ever need to worry about long-term care, the reality is more than half of Americans will need long-term care assistance after age 65. Women are even more at risk, primarily because they tend to live longer. The thought of not being able to care for yourself can be difficult and creating a plan for care can be daunting. However, it’s best to not let long-term care planning get pushed aside, because your age and health both factor into whether you’ll qualify for insurance and how much you’ll pay for coverage.
For more information about long term care options, contact:
1312 Professional Dr., Myrtle Beach, SC, 29588