Long-term Healthcare Insurance (LTHC): A Great Caregiving & Self-care Choice Caregivers

One of the best planning decisions my mom made for herself when she turned 64 (10 years before she was diagnosed with Stage 4 lung cancer and given 18 months to live) was to purchase long-term healthcare (LTHC) insurance. My sisters and I were so lucky to have this support in our caregiving toolkit. As my mom became less and less able to do things on her own, it made a huge difference to be able to hire a professional certified nursing assistant (CNA) to support us.

Even though the statistics tell us that 70 percent of those aged 65 and up will require long-term care services, only 13 percent have LTCH insurance coverage. There are a number of good providers to check into; the important thing is to educate yourself about the basics, and definitely shop around, since prices can vary dramatically. Some key points you’ll want to consider:

• How much is the total cover? 
• How long is the elimination period? 
• What are the requirements for allowed use? 
• Is there a death benefit? 
• What is the cash-in value?

Learn more about LTHC insurance, including background and provider reviews.

The content on 30Seconds.com is for informational and entertainment purposes only, and should not be considered medical advice. The information on this site should not be used to diagnose or treat a health problem or disease, and is not a substitute for professional care. Always consult your personal healthcare provider. The opinions or views expressed on 30Seconds.com do not necessarily represent those of 30Seconds or any of its employees, corporate partners or affiliates.

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