An interesting fact is that most people receiving long term care are actually under sixty five years old. This piece of information alone makes this a valuable benefit requested by employees. When it comes to employee benefit packages, LTC, or Long Term Care Insurance, is a must.
Long Term Care is given the home of the person needing it, or at a skilled facility. After an accident, illness, or just aging, long term care may be needed to assist the person in day to day activities.
Life expectancy is on the rise and that means the need for LTC is too! It is very likely that you or a family member will require this type of care t some point in your life.
Social Security and Medicare usually do not cover LTC. Neither do Medigap or other health insurance companies. Half of nursing home care is usually paid for by Medicaid—but poverty guidelines must be met.
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