Long-term care is the type of care needed if someone is unable to complete tasks like getting dressed, eating, or bathing by themselves. Major types of long-term care include:

• Home Health Care
• Care in Assisted-Living Facility
• Adult Day Care
• Nursing Home Care

So, enrolling in a long-term care insurance policy makes sense. Long-term care insurance can help secure not only your financial future, but that of your loved ones. A long-term care plan can help protect your assets from the rising cost of care, allowing you to remain financially and socially independent into the future.

Americans are living longer and leading healthier lives than they ever have. On average, they can expect to spend more years caring for their parents than their will raising their children. As a result, learning to care for our older family members without overburdening ourselves has become a major concern. Perhaps the most important part of this is preparing ourselves financially for these needs in years to come. Major medical plans and Medicare are generally inadequate for long-term care, covering only acute medical treatment. Medicaid only covers long-term care if you have about $2,000 or less in assets (excluding your home and personal items).

E-Mail Nicholas Vignapiano for more information.