August 24, 2012 3:06 am
1) "My health insurance covers the costs."
Normally, health insurance plans and programs only cover costs related to illness or injury, hospital and doctor visits, and prescriptions. Even the most comprehensive plans don't pay for assistance with daily activities, such as bathing, eating and dressing. The only private coverage available that guarantees coverage is a long-term care insurance policy.
2) "Disability insurance and long-term care are the same."
While disability insurance only compensates income when someone gets hurt or ill, long-term care insurance covers home care, assisted living or nursing home expenses.
3) "Only nursing homes/facilities are covered."
Long-term care insurance gives recipients the choice of where they would like their care provided. They can choose from adult daycare centers, assisted living facilities, hospice care, nursing facilities, home healthcare agencies and in the home. Seventy percent of recipients still live at home with friends and family.
4) "I'm too young."
Even though it's usually associated with aging, 40 percent of people receiving long-term care are working adults under the age of 64. Since accidents, chronic illnesses and disabilities can occur at any age, the need for long-term care insurance can occur at any time.
5) "My family will take care of me when I'm older."
Current trends show that children are now more likely to move away from their parents' homes. Many older children are also now working longer hours and taking less vacation time. Without the proper assistance, caring for a family member is time-consuming, physically and mentally draining, and extremely pricey. Care giving has been linked to the descent of the caregiver's health and negatively affects their family life.
For more information regarding long-term care insurance policies, please visit http://www.padvocacy.net.
Published with permission from RISMedia.