People suffering from chronic illness like Alzheimer’s disease, disabilities or long physical illness need long term care. Accident, illness, stroke, depression are many reasons when people need long term care.
Long term care insurance provides these people help in various daily activities, home health care, care in nursing homes, day care. ADL- Activities of Daily Living (ADL) such as dressing, bathing, eating, toileting people cannot perform for a long period of time. It provides hands on help to individuals with disabilities and chronic illness.
1) Home Health Care
a) Skilled care -Visiting nurses, Physical, speech and occupational therapies
b) Custodial care- Care at your home, Intermediate care
2) Community Care
a) Adult day Care
b) Respite Care
3) Assisted Living Facilities
a) Assisted living home
b) Informal care
c) Hospice care
d) Facility for Alzheimer’s
4) Nursing Homes
Nursing home stay
You must find the cost of the long term care services in your area; usually it varies with the type of long term care option. Some common long term care options are assisted living, nursing home care and home health care.
In long term care insurance the policy continues to give benefits till the insured person needs long term care.
Long term care insurance usually pays every day a fixed amount for the insured person’s care.
The terms and costs of Long term care insurance vary among the companies.