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Facts about Long Term Care

Because this type of policy is still rather new, you may be unfamiliar with the terminology and provisions of Long Term Care protection. So, here are some brief explanations:


Did You Know...?

...and many have no protection against this loss.

...and everyone has fire insurance.

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The Need For Long Term Care

Hoffman, C., Rice D.A. & Sun, H.Y. (1996). "Persons With Chronic Conditions: Their Prevalence and Costs". Journal of the American Medical Association; 276 (18): 1473-1479.

Family Caregiver Alliance (1996), "Incidence and Prevalence of the Major Causes of Adult-Onset Brain Impairment in the United States and California."

HIAA, "Consumers Guide to Long Term Care,"1996.

HIAA "Consumers Guide to Long Term Care,"1996.

"The dollars and sense of offering long term care," Janet Gemignani, Business Health, February 1996, p.55.

Nancy L. Breuer, "Uncle Sam No Longer Has His Hand Out", Workforce, July 1997.

"Preserving assets in time of need." Marci Bailey, The Boston Globe, May 8, 1997,p.B1.

Life Health Financial Services Edition, National Underwriter, Paying for LTC a Big Concern: Survey, May 5, 1997.

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The Aging Issue

"LTC Insurance Market Is Growing Younger," John Wayne, best’s Review, July 1995.

Long Term Care For The Elderly: A Chart Book. The Commonwealth Fund, Harriet L. Komisar, Jeanne Lambrew, Judith Feder, December 1996.

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Who Pays For It Now?

Long Term Care Expenditures by payer on 1994. Long Term Care for the Elderly: A Chart Book. The Commonwealth Fund, Harriet L. Lomisar, Jeanne M. Lambrew, Judith Feder, December 1996.

The Commonwealth Fund, Harriet L. Komisar, Jeanne M. Lambrew, Judith Feder, December 1996.  Long Term Care for the Elderly: A Chart Book.

About 76% to 80% of caregiving costs for disabled older adults at home are attributed to unpaid labor by family members.

Harrow, B.S., Tennestedt, S.L. & McKinlay, J.B. (1995). How Costly Is It to Care for Disabled Elders in a Community Setting?’ The Gerontologist, 35(6):803-813.

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What About Medicare and Medicaid?

U.S. Health Care Financing Administration Study.

Georgetown University Institute for Health and Care Research and Policy, based on Levit et. Al. (1996); data from the Office of National Health Statistics.

HIAA, "Consumers Guide to Long Term Care." 1996.

Samuel Liang, RFC, LTC to supplement, not substitute for Medicare, Life and health Advisor, February 1997.

Samuel Liang, RFC, LTC to supplement, not substitute for Medicare, Life and Health Advisor. February 1997.

Samuel Liang, RFC, LTC to supplement, not substitute for Medicare, Life and Health Advisor, February 1997.

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