Long Term Care Insurance is designed to cover the cost of long term care services that are not covered by traditional health insurance or Medicare. These services include – in home care, adult day care, assisted living facilities and nursing home room and board.

If you consider the fact that almost 70% of people turning age 65 will need long term care at some point in their lives, long term care insurance options might be the right choice. Individuals who require long-term care are generally not sick in the traditional sense, but are unable to perform 2 of the 6 activities of daily living. These include dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair) and walking.

Age is not a determining factor in needing long-term care. Once a change of health occurs, long-term care insurance may NOT be available. LTC insurance should be considered as Americans are living longer and chances are strong that people will need to consider long term living arrangements going forward.