Long Term Care Insurance FAQs
How common is the need for long-term care among older people?
About 70 percent of people over age 65 need some type of long-term care during their lifetime. More than 40 percent need care in a nursing home for some period of time.
Is long-term care expensive?
What if something happens to me and I can’t talk with a health care provider to make my wishes known?
Health care power of attorney — This document names the person who will make medical decisions for you if you cannot make them yourself.
Living will — This document records your wishes for medical treatment near the end of life. It spells out what life-sustaining treatment you do or do not want if you are terminally ill, permanently unconscious, or in the final stage of a fatal illness.
Do-not-resuscitate (DNR) order, if desired –This document tells health care providers not to perform cardiopulmonary resuscitation (CPR) or other life-support procedures if your heart stops or if you stop breathing.
How can I tell if I will need long-term care?
It is difficult to predict how much or what type of long-term care you might need. Several things increase your risk of needing long-term care.
- Age — The risk generally increases as you get older.
- Gender — Women are at higher risk than men, primarily because they often live longer.
- Marital status — Single people are more likely than married people to need care from a paid provider.
- Lifestyle — Poor diet and exercise habits can increase your risk.
- Health and family history — These factors also affect risk.
What does “out of pocket” mean?
Who can help me create the documents I need for long-term care planning?
How long does long-term care last?
Long-term care can last a short time or a long time. Short-term care lasts several weeks or a few months while someone is recovering from a sudden illness or injury. For example, a person may get short-term rehabilitation therapy at a nursing facility after hip surgery, then go home.
Long-term care can also be ongoing, as with someone who is severely disabled from a stroke or who has Alzheimer’s disease. Many people can remain at home if they have help from family and friends or paid services. But some people move permanently to a nursing home or other type of facility if their needs can no longer be met at home.
My father’s Parkinson’s disease is getting worse, and he can no longer live at home. What kind of facility is right for him?
Which kind of facility is best for your father depends on his exact needs and financial situation. To get more information about facilities in your area, contact Eldercare Locator at 800-677-1116 or http://www.eldercare.gov. You can also call your local Area Agency on Aging, Aging and Disability Resource Center, department of human services or aging, or a social service agency.
Is long-term care insurance a good option for me? I’ve heard it’s expensive.
The cost of long-term care insurance does go up for people who are older, have health problems, or want more benefits. However, it can be a good choice for younger, relatively healthy people at low risk of needing long-term care.
How common is the need for long-term care among older people?
Is long-term care expensive?
What long-term care costs does Medicaid cover?
Medicaid pays for health care services for people with limited income, and it is an important source of payment for long-term care services. Personal care, home health care, adult day care, and nursing home care are examples of the types of Medicaid-covered services used by older adults. However, Medicaid is not available to everyone. To be eligible, you must meet certain financial and health requirements. People with financial resources above a certain limit will most likely not qualify unless they first use up their own resources to pay for care, which is called “spending down.” Who is eligible and what services are covered vary from state to state. (For more information about Medicaid coverage, see http://www.cms.gov/MedicaidGenInfo.)
What is the most common type of long-term care?
My mother has a disability and I care for her in my home, but I’m about to start a new job. Who will take care of her now?
I’m perfectly healthy. Why should I think about long-term care?
What types of services does long-term care provide?
Long-term services can include:
- home-based services — home health care, homemaker services, friendly visitor/companion services, and emergency
response systems - community-based services — adult day service programs, senior centers, transportation services, meals programs,
and respite care - facility-based care — adult foster care, board and care homes, assisted living facilities, nursing homes, and continuing
care retirement communities
How do emergency response systems work?
Emergency response systems automatically respond to medical and other emergencies via electronic monitors. The user wears a necklace or bracelet with a button to push in an emergency. Pushing the button summons emergency help to the home. This type of service is especially useful for people who live alone or are at risk of falling.
Doesn’t Medicare cover most long-term care costs?
Why do people need long-term care?
I don’t drive anymore. How can I get to doctors’ appointments and the grocery store?
What long-term care costs does Medicaid cover?
What is the most common type of long-term care?
The most common type of long-term care is personal care — help with everyday activities, also called “activities of daily living.” These activities include bathing, dressing, grooming, using the toilet, eating, and moving around — for example, getting out of bed and into a chair.
My mother has a disability and I care for her in my home, but I’m about to start a new job. Who will take care of her now?Your mother may be able to attend an adult day service program, which provides health, social, and other services in a safe place, generally on weekdays. Such programs are designed for adults with mental or physical impairments. Some programs provide rides to and from their locations.
Your mother may be able to attend an adult day service program, which provides health, social, and other services in a safe place, generally on weekdays. Such programs are designed for adults with mental or physical impairments. Some programs provide rides to and from their locations.
How long does long-term care last?
Long-term care can also be ongoing, as with someone who is severely disabled from a stroke or who has Alzheimer’s disease. Many people can remain at home if they have help from family and friends or paid services. But some people move permanently to a nursing home or other type of facility if their needs can no longer be met at home.
My father’s Parkinson’s disease is getting worse, and he can no longer live at home. What kind of facility is right for him?
Which kind of facility is best for your father depends on his exact needs and financial situation. To get more information about facilities in your area, contact Eldercare Locator at 800-677-1116 or http://www.eldercare.gov. You can also call your local Area Agency on Aging, Aging and Disability Resource Center, department of human services or aging, or a social service agency.
Is long-term care insurance a good option for me? I’ve heard it’s expensive.
The cost of long-term care insurance does go up for people who are older, have health problems, or want more benefits. However, it can be a good choice for younger, relatively healthy people at low risk of needing long-term care.