Long-term care refers to a range of services offering help with some of the most basic activities of life. This includes eating, bathing, dressing, using the toilet, getting in and out of bed, etc. The need for long-term care often stems from disability, chronic illness, cognitive impairment or the aging process. Not to be confused with disability or short-term care, long-term care is assistance that you might need for the rest of your life. It can be received in your own home, in a nursing home or another long-term care facility.
Who Needs Long-Term Care?
While it may seem obvious that the elderly have a plan for long-term care, anyone can need long-term care at anytime in their life. Automobile and sporting accidents, as well as disabling events and illnesses, such as as stroke or multiple sclerosis, can affect anyone at any age. Nearly 41% of long-term care is provided to people under the age of 65 who need help taking care of themselves.
Planning is essential for you to be able to get the care that you need. Long-term care is the leading cause of catastrophic out-of-pocket healthcare costs for the elderly and their adult children. By planning ahead, you have more time to save up a sufficient amount of money to cover the high costs associated with getting the help you need when you need it. By investing in long-term care insurance now, while you're younger and healthier, you greatly increase the changes for qualifying for enough coverage to cover most, if not all, non-medical long-term care costs.
Many insurance companies offers long-term care insurance, and Insure the Lake is here to help you choose the right plan for your needs. We have contracts with a variety of companies so we can shop around for the most comprehensive coverage at the best price! For more information about long-term care insurance for you or your loved ones, give our Lake of the Ozarks insurance company a call at 573-348-2794.
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About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.
Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral
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