Long Term Care

Long-term care provides coverage for individuals who can no longer perform activities of daily living (eating, dressing, bathing, transferring, toileting, continence). This type of coverage will pay benefits to home health care providers, nursing homes, assisted living facilities, or even family members who care for their loved ones. This coverage is needed by millions of people each year, and unfortunately, most people do not plan for it.

Below are some facts regarding long term care:

  • The lifetime probability of becoming disabled in at least two activities of daily living or of being cognitively impaired is 68% for people age 65 and older
  • By 2050, the number of individuals using paid long-term care services in any setting (e.g., at home, residential care such as assisted living, or skilled nursing facilities) will likely double from the 13 million using services in 2000, to 27 million people. This estimate is influenced by growth in the population of older people in need of care
  • In 2002, the percentage of older persons with moderate or severe memory impairment ranged from about 5% among persons aged 65–69 to about 32% among persons aged 85 or older
  • 52 million informal and family caregivers provide care to someone aged 20+ who is ill or disabled
  • 44.4 million caregivers (or one out of every five households ) are involved in caregiving to persons aged 18 or over
  • The risk of nursing home placement increases with age—31% of those who are severely impaired and between the ages of 65 and 70 receive care in a nursing home compared to 61% of those age 85 and older
  • In 2002, there were 1,458,000 people in nursing homes nationally.
  • Older individuals living in nursing homes require and receive greater levels of care and assistance. In 1999, over three-quarters of individuals in nursing homes received assistance with four to six ADLs.

Contact us to learn more about long term care or request a quote today.