What is Long Term Care?
By Jorge Hiram Garcia, Your Insurance Advisor | April 24, 2010
- Image by Getty Images via Daylife
Long Term Care, also referred to as LTC, or assisted living insurance, is a term that hardly any one can agree on what it means. Lots of people use it, but don’t really know what it means. Long Term Care (LTC) means regular assistance with medical care provided by someone unrelated to the patient, such as help with nursing, medicating, physical therapy, etc. Usually, it’s used in reference to the act of providing help or assistance to older people who can no longer perform these activities for themselves without the assistance of a healthcare provider.
There are different types of long term care. Types of long term care range from part-time home care and adult daycare, to independent living or assisted living in special residential communities, to complete personal care homes and fully staffed nursing facilities.
Long term care may be temporary, in case of an accident or illness while a person heals, or it can be permanent, as in for the rest of a person’s life, in case of more serious medical conditions.
Some important concerns that need to be addressed when dealing with long term care issues include:
- What kind of care is needed?
- Who will provide this care?
- Where will this care be provided?
- How much will this care cost?
- Who will pay for this care?
Finding the answers to these questions will be difficult and require much thought and consideration. Careful planning is required in order to make sure that the financial aspect of providing this type of care is available, and if not, what can be done instead. As in other areas dealing with healthcare, planning for long term care is best done before it’s needed.
The best way to plan for long term care is to purchase long term care insurance (LTC insurance), or assisted living insurance. Long Term Care Insurance, or assisted living insurance, can be a great way to plan for future long term healthcare needs before they become pressing problems. As with other types of insurance, purchasing long term care insurance, or assisted living insurance, before the need for long term healthcare comes up will be much more affordable, and easier to accomplish. Learn more about long term care insurance.
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