Staten Island, NY Financial Planner / Portelles Wealth Management Group
Long term care is care that you need if
you can no longer perform everyday tasks by yourself due to a chronic
illness, injury, disability or the aging process. Long term care
includes the supervision you might need due to a severe cognitive
impairment (such as Alzheimer?s disease).
Long term care isn?t intended to cure
you. It is chronic care that you might need for the rest of your
life. This care can span years and can be expensive depending on the
type of care you need and location where that care is received. Long
term care insurance is one way of helping to pay for these expenses.
By providing long term care insurance,
you will rest easier and your loved ones will be grateful to you for
wisely planning ahead.
Insurance is an important tool for
protecting yourself against risk. For instance, health insurance pays
your doctor and hospital bills if you get sick or injured. But how
can you protect yourself against the significant financial risk posed
by the potential need for long-term care services, either in a
nursing home or in your own home?
Long-term care goes beyond medical care and nursing care to
include all the assistance you could need if you ever have a chronic
illness or disability that leaves you unable to care for yourself for
an extended period of time. You can receive long-term care in a
nursing home, assisted living facility, or in your own home. Though
older people use the most long-term care services, a young or
middle-aged person who has been in an accident or suffered a
debilitating illness might also need long-term care.
Beyond nursing homes, there is a range of services available in
the community to help meet long-term care needs. Visiting nurses,
home health aides, friendly visitor programs, home-delivered meals,
chore services, adult daycare centers, and respite services for
caregivers who need a break from daily responsibilities can
supplement care given by family members.
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