LONG TERM CARE
According to the U.S. Department of Health and Human Services someone turning age 65 today has an almost 70% chance of needing some type of long term care services during their remaining years. Traditional coverage, like personal health care plans, Medicare, and Medicaid only extend so far. These coverages will cover doctor, pharmacy, and hospital expenses but they will not cover “activities of daily living.” Daily living examples are dressing, eating, walking, bathing, and moving in and out of bed. So, long term care is referring to the assistance people will need for the activities of daily living resulting from illness, accidents, and aging.
It may seem likely that one may need long term care but the price of long term care is far from predictable. Paying for long term care could be damaging, even devastating to a family’s overall financial wellbeing. At the Hargis Family Agency we can help you take the first steps and analyze the benefits of long term care policy to best meet your family’s needs.