What is Long-Term Care?
What is Long-Term Care Insurance?
Long-Term Care (LTC) generally refers to the care needed for those requiring assistance with basic daily activities or due to cognitive impairment for both shorter and longer periods of time.
%
Long-term care that is provided to individuals under the age of 65*
%
Individuals who will need long-term care after the age of 65*
Caregiver total lost wages, pension, and social security benefits*
Lifetime lost wages, retirement savings, and social security for female caregivers.*
*MetLife’s study on working caregivers
MYTH:
Medicare does not pay for extended LTC and many assume that they can self-insure, despite the growing and prohibitive costs of such care. Ask us about more myths and misconceptions to help make your decision process easier.