Tuesday, January 13, 2009

Understanding Individual Long Term Care Insurance

Author: Rick Lavis, CLTC, LTCP

The cost of long-term care is staggering. For example, a year in a nursing
home now averages $76,000 nationally and can exceed $110,000 in some areas.

Home health care can cost as much or more than the cost of a nursing home. In fact home health care expenses can run $170-200 per day or more for a single shift.

What is Long-Term Care?
Long-term care is the kind of care needed by persons requiring assistance or supervision with the everyday activities of daily living due to physical or
cognitive impairments or for persons needing medically necessary care for
an acute or chronic condition. Care can be provided at home, an adult day
care center, an assisted living facility or nursing home. More than 85% of
care today is received outside of a nursing home setting.

For more information:


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