If you have reached the point of asking these 3 questions.
Time may not be on your side.
What do I need ?
We advocate planning. Assume that at some time in your lives, you may need some form of LTC. There is a 70% chance of needing some form of LTC if you are over the age of 65. That is not as ominous as it may sound. You may NEVER need any such care.
That 70% includes the very minor care, such as Adult Day Care.
Your Physical or Mental needs will determine the level of care needed. IF any LTC is in your future, it normally is a period of time as your needs progress.
Where do I go ?
LTC can often be provided within the home. Family support is a major factor in any care. Do you have family close or are they some distance away ? As your needs go beyond the ability to stay in the home. Your Doctor will guide you to what is recommended or available in your area.
Who pays for it ?
There are only 3 ways to pay for the cost of LTC.
• Government pays
• Insurance pays
• Personal Assets