Long Term Care Insurance; Part 1 – The Basics

Part 1 – The Basics

Long Term Care - The Basics

 What is long term care insurance?

Long-term care refers to the assistance provided at home, in adult day care centers, assisted living facilities, or in nursing homes for people with chronic disabilities and lengthy illnesses. Typically, one would need help with Activities of Daily Living (e.g., bathing, dressing, eating, toileting, continence, transferring / moving from a bed to a chair); or supervision due to a Cognitive Impairment such as Alzheimer’s disease.

What are the chances I’ll ever need long term care?

We all think it won’t happen to us.  Yet, you may already know of someone who has needed extended care in their home or in a facility.  A sudden illness, injury, or unexpected diagnosis can happen to anyone… at any age.  And the healthier you are right now, the more likely it is you will live long enough to become frail.

  • Once you reach age 65, you face a 75% chance of needing some form of long-term care; after age 75, the odds increase to 90%.1
  • Approximately 43% of people currently receiving some level of long-term care are 18 to 64 years of age.2
  • A woman who reaches her 50th birthday with no heart disease or cancer can expect to see her 92nd3
  • A healthy couple age 65 has a 50% likelihood of seeing one of them live to age 92; a 25% chance that one will survive to age 97.4


  1. Health Insurance Association of America, from American Demographics
  2. A Guide to Long-Term Care Insurance, America’s Health Insurance Plans
  3. US News & World Reports
  4. Today’s Senior Network.com


Part 2 – Long Term Care,  The Basics

Part 3 – Long Term Care, The Basics

Part 4 – Long Term Care, The Basics

Part 5 – Long Term Care, The Basics


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