Long-term care, or LTC, refers to the assistance and support services provided to individuals who can no longer perform everyday activities on their own due to aging, chronic illness, or disability. LTC can include help with activities such as bathing, dressing, and eating, as well as medical care and rehabilitation services.

As we age, the likelihood of needing LTC increases. It’s estimated that around 70% of those aged 65 and older will require some form of long-term care in their lifetime. This can have a significant impact on both your healthcare needs and financial situation.

One option to help cover the costs of LTC is long-term care insurance. This type of insurance can help pay for a variety of LTC services, including nursing home care, assisted living, and in-home care. It’s important to research and understand your options when it comes to LTC insurance to ensure you are adequately prepared for any future needs.

In conclusion, LTC is a crucial consideration for individuals as they age. By understanding what LTC is and how it can impact your healthcare and finances, you can better prepare for your long-term care needs.#25#