- Definition: Long term care refers to the services and support needed for personal care. Most services are non-medical but are basic daily living tasks such as toileting, bathing, dressing, eating, and transfer assistance.
- Who Uses it: 70% of people turning 65 can expect to use some kind of long term care in their life.
- It is a gender thing: Women typically outlive men by 5 more years and can expect to use long term care as they age. Women typically need care longer than men – 3.7 years versus 2.2 years.
- Your health matters: Chronic illness or disability can increase your chance for needing long term care services.
- Provider options: Most long term care services are provided by non-paid family members in the home or are paid privately in a nursing facility.
- Medicare support: Medicare only pays for skilled services in a nursing facility after a qualifying hospital stay. Skilled services include physical, occupational, and speech therapies and skilled nurse services such as wound care and tube feedings.
- Medicaid Support: Medicaid only pays for long term care services after an individual has used most of their personal financial resources and has an income below a certain level. In Ohio, you must have no more than $2,000 in resources.
At Beacon, we want you to be prepared for the planned and unplanned events in life.
To learn more, please call us today for an appointment or attend our “Don’t Be A Human Ostrich” where we outline long term care and many other financial strategies for your senior years.
We look forward to serving you,
Your team at Beacon!
Information collected from LongTermCare.gov