of individuals over the age of 65 will need long-term care services at some point in their lives.
of assisted living residents and 68% of nursing home residents are women.
The national average daily rate for a private room in a nursing home in 2014.
Long term care policies cover care generally not covered by Medicare, Medicaid, or traditional health insurance. They are designed to cover long-term service, including custodial and personal care in a variety of settings such as a facility or your home.
Long term care insurance is important coverage that reimburses the policyholder with a daily amount to help cover services that assist them with daily activities such as, bathing, dressing, eating, continence, toileting, and walking.
Home care, adult daycare, assisted living, hospice care, respite care, Alzheimer’s facilities and nursing home care are generally covered with long-term care policies.
Without long-term care insurance to help cover out-of-pocket expenses, the cost of these types of services could quickly deplete their funds in a short amount of time.