What is Long Term Care Insurance? Long term care insurance pays for the actual cost of assistance with activities of daily living, such as bathing
and dressing. It also includes the kind of care you would need if you had a severe cognitive impairment like Alzheimer's.
It covers skilled, intermediate, and custodial care in your home, an adult day care center, an assisted living facility, a
nursing home, or a hospice facility.
If you are worried that you won't have enough assets to pay for the cost of your
care, or if you are concerned that your spouse and children will have to take care of you, Long Term Care Insurance is worth
investigating. Another concern should be the standard of living that your surviving spouse may have in the future if
you have incurred tremendous costs for long term care. In summary, there are many severe consequences to you and
your family when you need care and the insurance can reduce the impact significantly.
You will be eligible for benefits when a licensed health care practitioner certifies and the insurance company agrees
that either:
-You are unable to perform at least two of the six Activities of Daily Living(ADLs) without substantial
assistance for a period expected to last at least 90 days. Activities of Daily Living are bathing, dressing transferring,
toileting and continence;
OR
-You require substantial supervision to protect yourself due to a severe cognitive
impairment, such as Alzheimer's disease.
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