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Long-Term Care: The Basics

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Long-Term Care: The Basics

stethoscope  and dollarIn the year 2000, almost 10 million people needed some form of long-term care in the United States. Of this population, 3.6 million (37%) were under age 65 and 6 million (63%) were over age 65 (Roger & Komisar, 2003). Almost 70% of people turning age 65 will need long-term care at some point in their lives. This section of the website provides basic information so you can begin to think about how you will h andle the need for long-term care. Your path will be unique to you, and based on your preferences and circumstances. Let’s look at the basic questions covered in this section:

Many people think the phrase “long-term care” refers to an insurance policy. While insurance may be part of your strategy, long-term care encompasses everything from long-term services and supports and finances, to where you will live and how you will navigate the myriad of legal, family, and social dynamics along the way.

Source: U.S. Department of Health and Human Services, “The Basics” http://longtermcare.gov website. Accessed July 2, 2014. http://longtermcare.gov/the-basics/

© Copyright 2014 intouch Business, Inc. All rights reserved. Certain names and articles used with permission of owners. Trade names mentioned herein are owned by third parties.

Costs & How To Pay

048_LongTermCareVideoJust as there are many kinds of long-term care services and supports, so is there a wide range of costs & how to pay for them varies between individuals. And while some people may qualify for a public program to help pay for these expenses, most people use a variety of options, including long-term care insurance, personal income and savings, life insurance, annuities and reverse mortgages to ensure they can pay for the care they require.  As our population ages, new financial products are offering yet more options.

Source: U.S. Department of Health and Human Services, “Costs & How To Pay” http://longtermcare.gov website. Accessed July 2, 2014. http://longtermcare.gov/savings-calculator/

© Copyright 2014 intouch Business, Inc. All rights reserved. Certain names and articles used with permission of owners. Trade names mentioned herein are owned by third parties.

LTC Savings Calculator

stethoscope  and dollarThe LTC Savings Calculator is as easy as 1, 2, 3 to plan for Long-Term Care.

Go to this page: http://longtermcare.gov/savings-calculator.

Answer the questions below (all fields are required), then submit your information using the “Calculate” button.

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Source: U.S. Department of Health and Human Services, “LTC Savings Calculator” http://longtermcare.gov website. Accessed July 2, 2014. http://longtermcare.gov/savings-calculator/

© Copyright 2014 intouch Business, Inc. All rights reserved. Certain names and articles used with permission of owners. Trade names mentioned herein are owned by third parties.