Long Term Care Insurance

Long-Term Care Insurance (LTCI)

You may already be aware of what long-term care is, whether it’s through personal experience, caregiving for a loved one who needs daily assistance, or knows a family member or friend who requires more support as they age. As you learn more about long-term care, consider the possibility that you may need this type of care in the future and learn how you can start planning for it today.

By the time someone reaches 65, chances are about 50-50 that they’ll require paid long-term care (LTC) someday. If they pay out of pocket, on average, they will spend $140,000. But like most people, they probably haven’t planned for that financial risk. Only 7.2 million or so Americans have LTC insurance, which covers many of the costs of a nursing home, assisted living, or in-home care — expenses that Medicare doesn’t cover. This is why long-term care is an unsolved problem for so many people.

Source Links:
https://www.ltcfeds.com/
https://www.aarp.org/caregiving/financial-legal/info-2018/long-term-care-insurance-fd.html
https://money.usnews.com/money/personal-finance/family-finance/articles/the-high-cost-of-long-term-care-insurance-and-what-to-use-instead
https://www.ramseysolutions.com/insurance/who-needs-long-term-care-insurance
https://www.iii.org/article/should-i-buy-long-term-care-insurance

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Long-Term Care Insurance (LTCI) And FCP Live-In

Long-Term Care Insurance (LTCI) Frequently Asked Questions (FAQs)

The Federal Long Term Care Insurance Program

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