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What You Need to Know About Long-Term Care and Home Care

| November 02, 2022

This month marks Long-Term Care Awareness Month. We have the knowledge and tools these days to live healthily and happily throughout our lives. But as we age, we need to invest more in our health. That’s why it’s crucial to understand how to properly seek out and receive long-term care when it comes time to adjust your living situation to accommodate your needs.

Long-term care is a set of services that help individuals maintain their health and independence. Long-term care can be found at a variety of locations and through a range of caregivers, depending on a person's individual needs. Long-term care refers to care provided by a range of caregivers in a variety of settings. Long-term care may be provided at an adult day care facility or a nursing home for example.

Long-term care also includes health and personal care provided at home. Homecare usually offers a wide range of services that help individuals stay in their homes if possible and retain as much independence as they can. Long-term care is usually offered in a facility or at the individual's home. In addition, long-term care is sometimes provided by a family member in their home instead.

Most home-based services involve personal care, such as help with bathing, dressing, taking medications, and supervision to make sure a person is safe. Family members, partners, friends, and neighbors usually provide this type of care unpaid. While bringing on a specialized long-term care nurse is likely a prudent decision, factors of trust and cost may prevent a family from hiring a nurse for long-term care.

If a family opts for home-based long-term care services provided by paid caregivers, it will likely include caregivers found informally, and healthcare professionals such as nurses, home healthcare aides, therapists, and homemakers, who are hired through home healthcare agencies. These services include home health care, homemaker services, friendly visitor/companion services, and emergency response systems.

Long-term care comes with expenses as well. You may have Medicare coverage, annuity riders, or have simply budgeted for the expense. Either way, long-term care is important for maintaining your health in later years and is thus important to budget for.


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This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products. Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results. Death benefit payouts are based upon the claims paying ability of the issuing insurance company. The firm providing this document is not affiliated with the Social Security Administration or any other government entity.