Welcome to our fourth segment in our sponsored series on elder care, written by an expert in the field, Lisa Vogel, who owns and operates The Lisa Vogel Agency. We’re all living longer, how will you — and your parents — live during that extra time?
It may not top your list of New Year’s resolutions, but it could be one of your most important resolutions: Learning more about long-term care insurance. It is hard to believe that a whopping 70 percent of Americans 65 years of age and older will likely need some form of long-term care. The term “long-term care” means the assistance an individual may need with chronic illness, disabilities, or other conditions on a daily basis or for an extended period of time. That assistance can range from help with simple activities such as bathing, dressing, and eating to skilled care provided by nurses, therapists, or other professionals.
Employer-based health coverage will not pay for daily, extended care services, and Medicare will cover a short stay in a nursing home or a limited amount of at-home care, but only under strict conditions. Where will that leave most of us? Buying long-term care insurance to help cover potential long-term care expenses. Before you begin your homework on long-tem care insurance for yourself or your loved ones, consider the following:
There are many options at various price points, so do your homework before committing to any long-term insurance policy. Your research will pay off further down the road.
Lisa Vogel is the owner of The Lisa Vogel Agency, a home health care agency providing custodial care on a live-in or hourly basis for clients who require long-term care, rehabilitation care, or hospice care. If you have questions about how long-term care insurance applies to home health care, call The Lisa Vogel Agency at 410-363-7770. To learn more from Lisa about caring for the elderly, read Alzheimer’s and You: National Alzheimer’s Awareness Month; Getting Older Relatives Ready for the Holidays; and Social Media Keeps Older Relatives Connected.
10401 STEVENSON RD.
STEVENSON, MD 21153
410-363-7770 • F: 410-363-7771
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