Introduction to Planning for Long-Term Care
(1 of 7)
What does long-term care seek to accomplish, how does it do it, and how do we pay for it? Those are the topics of this tutorial.
What you will learn
- What Is Long-Term Care?
- Where Long-Term Care Is Being Delivered
- Who Pays for Long-Term Care?
- Future Issues with Paying for Long-Term Care
- What Is Long-Term Care Insurance?
What do you know?
Introduction to Planning for Long-Term Care
Long-term care (LTC) is distinct from traditional medical care. LTC refers to a broad array of services that assist a mentally or physically disabled person to experience as much independence, dignity, and quality of life as his or her condition will allow. Typically, the assistance is oriented toward personal safety, hygiene, and everyday life tasks. Planning for long-term care is an important step in sound financial planning.