The Importance of Long Term Care Insurance
Today, Paula is joined by Laura Eliason of Acsia Partners, an expert in the long term care space. She shares some personal stories, from having to take care of her aging parents to a sudden health scare with her husband.
Long term care can be the most costly need for people. It's statistically likely to happen, and it's the least protected. Typically, parents and even grandparents assume that their children or grandchildren will care for them. But this really is an undue burden to place on a loved one, particularly if they weren't aware of this possibility.
Most people think of LTC as relating to a nursing home situation, but often, it can relate to in-home care for a patient, or even respite care for a primary caregiver. If a family member is the primary caregiver, it becomes paramount for them to take care of their own health and well-being.
Long term care is defined as needing assistance for 90 days or more for a patient who needs help with two or more of the six activities of daily living - bathing, dressing, eating, transferring, toileting, and continence.
Laura deals the myth that long term care is expensive, and shares how thinking about this when you are younger is so important. Your age will help dictate your cost, but your health will be what affects your eligibility. This is why it's so important to explore this when you are younger and healthier.
For more, you can reach Laura at 248-921-4957 or via email at Laura.Eliason@acsiapartners.com
To reach Paula Christine and to check out the Making Money Matter course, you can visit her website at PaulaChristine.com
Or email Paula: Paula@PaulaChristine.com
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Reach Paula at paula@paulachristine.com or through her website, paulachristine.com.
