Long-term care (LTC) is personal assistance provided to people that are unable to perform the activities of daily living, or ADLs, on their own for an extended period of time. Long-term care needs typically arise as part of the normal aging process but can also be due to injury or illness, such as stroke or cognitive impairment like Alzheimer's disease.
Long-term care is no longer limited to care received in a nursing home. Today, a wide variety of services are available, including the option to receive care in your own home.
Six activities of daily living:
If you prefer to live in your home for as long as possible, and you want to help protect your retirement savings, you may benefit from a long-term care insurance policy.
Typically, Medicare doesn't fully cover assisted care expenses, including custodial care, which is provided in nursing homes, assisted living facilities or at home. Coverage for these types of health expenses helps you maintain control of where you will receive care and helps protect your life's savings.
