Long term care refers to the kind of care or help you might need for conditions related to the natural course of aging, or to an accident, disability, chronic illness, or cognitive impairment, like Alzheimer's disease. It is the type of care you need when you are unable to care for yourself, and it includes both institutional, home, and community-based care services. Long term care insurance can help protect your independence, and personal and financial security by providing benefits that pay for a variety of long term care services.
One in five Americans over age 50 is at high risk of needing long term care services within the next 12 months.1 Statistics reveal that of those turning age 65, nearly 3 out of 4 will require care in their homes, and 1 out of 2 will require care in a nursing home or assisted living facility.2
The annual cost of long term care can exceed $80,000 in metropolitan areas (which is the average cost of care in Connecticut). Medicare covers little of these costs, if any, and Medicaid pays only when personal assets are exhausted.
Please contact us to discuss your needs today.
1 Harvard/Harris Long Term Care Awareness Survey, January 2, 1996
2 HIAA, "Long Term Care; Knowing the Risk, Paying the Price," 1997