Long-Term Care Insurance

Long-term care is not medical insurance. It refers to the Activities of Daily Living, defined as dressing, bathing, eating, transferring from bed to chair, and toileting. If you can’t perform these functions without help, then you need LTC services. 

Two in five people age 65 or older will need long-term care at some point; more than half of women and one-third of men end up in a nursing home. The average cost is $10,000 per month and is not covered by health insurance or Medicare. This is why LTC insurance is so important.