What is Long-Term Care?
What is long-term care?
Long-term care is defined as the type of care needed as the result of:
- An inability to perform every day activities such as eating, dressing, bathing, toileting, transferring, and continence for a period of at least 90 days; or
- A severe cognitive impairment requiring substantial supervision to protect your health and safety
In other words, long-term care is the type of care we need when we can no longer care for ourselves.
What is long-term care insurance?
This important coverage is a vital part of financial planning as it is designed to protect your retirement income and your family’s lifestyle. LTCi pays for the expenses associated with needing care for an extended period of time at home or even a stay in a long-term care facility.