Learn About Long Term Care and Long Term Care Insurance

What is Long-Term Care (LTC)?

Long-term care is when you are no longer able to care for yourself due to suffering from a cognitive impairment such as Alzheimer's Disease, or you need assistance in performing your Activities of Daily Living (ADLs) such as dressing, bathing, eating, toileting, transferring, and continence for an extended period of time. Long-term care services are usually performed in a nursing home, assisted living facility, in your own home, or in a community based setting. Many people believe that long- term care is only for older people, when in fact the needs for long-term care can strike anyone at anytime due to an accident or a debilitating illness.

One of the most common misconceptions is that Medicaid and Medicare will pay for LTC. However, beyond the limited long-term care benefits provided by Medicaid and/or Medicare (assuming that you meet the eligibility requirements for one or both), you are responsible for your long-term care costs, whether you choose to purchase a long-term care insurance policy to cover some or all of the cost, pay for the care out of your pocket with your assets, or rely on a family member to provide your long-term care.

What is Long-Term Care Insurance (LTCI)?

Long-term care insurance helps to pay for some or all of the costs of long-term care as a result of the inability of the insured to perform some Activities of Daily Living such as eating, bathing, transferring, continence, dressing or toileting, or as a result of a cognitive impairment such as Alzheimer's Disease.

Long-term care insurance is designed to help preserve your financial freedom and independence, while receiving quality care. Most long-term care insurance policies are considered comprehensive policies which means that they will pay for long-term care services received in your home, assisted living facility, nursing home, or in a community based setting.

When purchasing a long-term care insurance policy you have many options to choose from, because these types of policies are not considered a "one policy fits all." Instead you can typically choose the length of time you want to receive benefits under the policy (benefit period), how much per day/month you can receive in benefits (daily/monthly benefit amount), how many days after you are eligible for benefits you are willing to pay out of your pocket (elimination period) to help reduce the premiums - similar to a deductible, inflation protection, if any, and many more optional benefits/riders to choose from. You have options, request a Connecticut Long-Term Care Insurance Partnership Quote!

American Association for Long Term Care Insurance the national trade organization committed to helping individuals get the information they need to make educated decisions.

For long term care insurance Federal tax deduction limits and credits or deductions for all 50 states click this link and visit the tax deduction for long term care insurance guide. Published and updated annually by the American Association for Long Term Care Insurance, a national trade organization committed to helping individuals get the information they need to make educated decisions.

For ratings of leading long term care insurance Fcompanies click this link and visit the long term care insurance ratings. Published and updated annually by AALTCI.

CT Long Term Care Partnership Only

www.connecticutpartnershiponly.com - Connecticut LTC Partnership - CT Long Term Care.