Life events can affect your finances and assets in the future. Our specialists can help you start planning for your long-term care now.
What is Long-Term Care?
Long-term care refers to any type of service that answers the needs of people who are unable to take care of themselves for an extended period of time. Types of long-term care include professional health care, clinical service and assistance with daily living activities. These services can be provided either at home or in formal settings like nursing homes, assisted living communities or adult day care centers.
Who Needs Long-Term Care?
While it’s true that most of the people who need long-term care are the elderly, even younger individuals can require such services due to disabilities, accidents or chronic illnesses – anytime a person needs looking after for a prolonged period of time. However, since all of us are bound to age one day, there is a very high likelihood that we will all need long-term care services at some point in our lives.
How Much Care Is Needed?
As each individual’s health conditions and specific needs are unique, so too will the types of long-term care and how much of it they’ll need. Most elderly today spend two to three years in LTC facilities where a professional medical staff looks after their health and well-being. Those who receive care at home however, generally need assistance with their daily functions indefinitely.
