What is
Long-Term Care?

When asked, many think long-term care is about nursing homes. The reality is that long-term care is not a place, but a full-scale response to an event or condition. It describes the care someone needs if they become incapacitated, either physically or cognitively, due to a degenerative disease or incident.
More times than not, the need for long-term care is a family crisis as spouses, partners, children, siblings, grandchildren will try to help their disabled loved one get the care they need. In fact, the need for long-term care will likely have the most significant impact on the loved ones trying to provide care. The individual needing care, will receive needed care.
For a brief, but impactful review of what long-term care is, and what it is not, click the link below to read “Straight Talk About Common Misperceptions: Long-Term Care Basics”.
We estimate that over half (56%) of Americans turning 65 today will develop a disability serious enough to require Long-Term Care Services and Supports.1

The Impact of Long-Term Care on Retirement Confidence:

A recent study2 found that 70% of respondents were confident they will have enough money to live comfortably in retirement.
However, 83% were very or somewhat concerned that future LTC needs could impact their retirement confidence.
1 ASPE 2022 Research Brief, “LONG-TERM SERVICES AND SUPPORTS FOR OLDER AMERICANS: RISKS AND FINANCING.