Long term care health plans will help provide for care for you if you are unable to perform some or all of the activities of daily living. The activities of daily living (Called ADL’s) are things like eating, dressing, bathing, toileting (going to the restroom), transferring (moving from chair to bed and bed to chair, etc.), and continence (the ability to control bowels movements and urination).
It is important to note that almost all long term care health plans specify a certain number of these ADL’s that you must be unable to perform in order to qualify for long term care benefits (you don’t have to be unable to do all of the activities of daily living in order for benefits to start paying out from a long term care health plan).
Having a comprehensive long term care health insurance plan is extremely important when you consider the statistics:
“For a couple turning 65, there is a 70% chance that one of them will need long term care.” (Wall Street Journal)
“Over 50% of all people entering a (long term) care situation are penniless within 1 year.” (Harvard University)
Regular health insurance plans generally do not cover long term care expenses like nursing home care, home care, assisted living, continuing care retirement communities (CCRC), and other types of standard long term care services. Medicare and Medicaid also do not offer much at all in the way of long term care coverage (less than 5% total).
A long term care insurance plan will cover the expenses necessary to help with daily living activities like eating, bathing, preparing meals, shopping, housework, home maintenance, financial matters, dressing, grooming, going to the bathroom, taking medications and health care needs like physical therapy, speech therapy, occupational therapy, rehabilitation, medical nutrition therapy, oxygen, wound care, Alzheimer’s disease care, health monitoring, pain management, nursing care and other types of health care services.
Take just a few moments to compare long term care health plans from top insurance company’s that offer coverage in your home zip code. Get free long term care health insurance quotes now!