LTC Overview

Facts and Figures from the insurance industry and Department of Health and Human Services:

• 79% of the people purchasing Long Term Care policies are between ages 45-64
• 99% of buyers keep their policy for the rest of their life
• 49% of people receiving long-term care do so in their own homes
• Another 24% get funds for Assisted Living Facilities
• Each year the percent receiving insurance funds for home care services increases
• Only 9% of baby boomers have planned for their Long Term Care needs
• 70% of those over the age of 65 will need long term care in their lifetime
• 71% of the benefits are paid to females
• 67% of unpaid caregivers are female
• 67% of the people who plan to have a loved one provide care have not ask the loved one to take care of them when the need arises
• The number of Americans 65 or older will double over the next 35 years

Helpful Links:

• Get information about Alzheimer’s disease
• Caring for Aging Parents book and resource guide
• Age Wave Retirement at the Tipping Point, 2009
• My Life, My Family (America’s Health Insurance Plans)
• LongTermCare.gov/

Government Sites:

• Own Your Future (U.S. Department of Health and Human Services)
• National Family Caregiver Support Program (Administration on Aging)
• Center for Healthy Aging (National Council on Aging)

Articles & Videos

• Why People Don’t Buy Long-Term Care Insurance
• Caring for Aging Parents Becomes Campaign 2016 Issue
• LTC Hybrid Products Provide Attractive New Options
• Long-Term Care Insurance: Myths and Misperceptions

Meet Sandy: A LTC Story

realLIFEstories | Long-Term Care Insurance | Theresa Mollicone – A Burden Relieved

https://www.youtube.com/watch?v=J_aYzO-4ojg