What is Long-Term Care Insurance and Do I Need It?

Ernest Hemingway once said, “No, that is the great fallacy: the wisdom of old men. They do not grow wise. They grow careful.”

Part of aging is being prepared. And our team at Always Best Care Senior Services of Central Connecticut understands that and wants to help guide you through that preparation – before you may need it.

You’ve heard of long-term care insurance, but you’re not really sure what it is or if you need it. Long-term care insurance helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living – such as dressing, bathing, eating, using the bathroom, getting in and out of a bed or chair and walking.

A lot of people avoid long-term care insurance because of how expensive than the premium could be. However, one year of this expense can be the equivalent of one month of costs without it.

Bills add up quickly when you can no longer take care of yourself and your needs exceed what family and friends can provide. Nursing homes, assisted-living centers and home care all are expensive, and there is no telling for how long you may need the service. Buying a long-term-care insurance policy can be a way of making sure your future physical needs will be met.

For many people younger than 50, long-term care insurance seems like something to defer to the future. One study shows that the 45-to-54 demographic accounts for just more than 1 in 5 long-term care policies, while those 55 to 64 make up more than half of those buying the coverage.

Many people begin to think about this kind of insurance when their parents begin going through these issues.

Purchasing the insurance at a younger age may help you get a lower premium, thereby reducing what you would pay throughout your lifetime. After a certain age, you also may not qualify for the policy.

Don’t get us wrong – selling insurance isn’t what we do. At all. But guiding you through the process of aging? That’s where our team at Always Best Care Senior Services of Central Connecticut can help.

Have more questions? Give us a call at and we’ll help you out.

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