Long-Term Care
SUSTAINED WELLNESS SUPPORT
Long-Term Care
As individuals age or confront illnesses, routine tasks like dressing and bathing may become challenging. Long-term care services offer assistance, but their cost is substantial.
Long Term Care encompasses support provided either at home or within a facility for individuals who require help with daily activities like dressing and bathing due to accidents, illnesses, or the progression of age. With increasing life expectancy, the likelihood of needing “long-term care” rises as each year passes.
It’s probable that either you or a family member will require extended assistance due to prolonged illness, disability, or general health decline affecting daily routines.
Many expenses related to long-term care aren’t covered by Social Security, Medicare, Medicare Supplement (“Medigap”), or private health insurance. Medicaid shoulders nearly half of nursing home care costs, but qualification involves adhering to federal poverty criteria and potentially spending down a significant portion of your assets on healthcare.