Long-Term Care Insurance
How can I fund future health care needs and without totally depleting my assets?
Long Term Care Insurance (LTCi) is an investment in your future health care needs. With the rising cost of health care (home health care, assisted living, adult day care, nursing home) and the stress (financial and emotional) an illness like Alzheimer's can cause you and your family, a long term care insurance policy can give you and your loved ones peace of mind now-before you need to use it.
As a caregiver for an Alzheimer's patient, you know the difficulties (financial and emotional) that go along with caring for someone diagnosed with this terrible disease. Many caregivers identify the gaps in their insurance and want to prepare for the worst in order to shield their caregivers some of the stresses they currently face.
By knowing the facts about aging and illness, you are already ahead of the game:
- At age 65 the actual risk of needing long-term care (either home care or nursing home) is greater than 50%.
- Over 40 % of Americans receiving long-term care are under 65 years old.
- 64% of caregivers had to make changes to their daily work schedule to accommodate caregiving. Ultimately, 30% had to give up work entirely, 15% retired early and 26% had to take a leave of absence.
- Costs associated with long term care will at least triple in the next 20 years.
For more information and to have your questions answered by Michael T. Eagan, our resident expert on financial planning for long term care, click here.
For a comprehensive list of professionals and services in your area, click below.
 Resource Locator
The Resource Locator lets you search for providers by name, state, city, or ZIP code from a list of more than 30 types of health care professionals and services.
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