Long-Term Care Planning Center
How do you protect your family, your assets, and your independence if you ever need long-term care? Explore our comprehensive planning center to build a resilient strategy.
What Is Long-Term Care?
Long-term care involves a variety of services designed to meet a person's health or personal care needs during a short or long period of time. These services help people live as independently and safely as possible when they can no longer perform everyday activities on their own.
The Medicare Misconception
Medicare generally does not cover long-term custodial care. It may cover short-term skilled nursing facility care or home health care under very specific, limited conditions (usually following a hospital stay), but it will not pay for ongoing assistance with daily living.
When Do People Need It?
The need for long-term care can arise suddenly due to a heart attack, stroke, or injury. It can also develop gradually as people age and become frailer, or as an illness or disability worsens (such as Alzheimer's disease or Parkinson's disease).
Activities of Daily Living (ADLs) are the basic tasks of everyday life. The need for long-term care is generally defined by requiring help with two or more of these:
- Bathing
- Dressing
- Using the toilet
- Transferring (to or from bed or chair)
- Caring for incontinence
- Eating
Protect Assets
Protect Family
Maintain Control
Educational Disclaimer: SRG Consulting PLLC provides educational information only. Content on this site, including long-term care, insurance, tax, and wealth-preservation materials, is not legal, tax, fiduciary, investment, or ERISA plan advice. Users should consult a qualified attorney, CPA, or licensed financial professional before acting.