Individual Long Term Care Insurance
Long Term Care Basics
While it's great that medical advancements have led to longer lifespans, they also increase the likelihood of needing long-term care. This type of care can be expensive and is usually not covered by Medicare unless you are hospitalized for at least three days.
Statistics
About 70% of Americans who reach age 65 will need long-term care at some point in their lives.
Coverage Options
TM Insurance offers two types of coverage:
Long-Term Care: Covers care for a year or longer in a nursing home, assisted living facility, or at home.
Short-Term Care: Covers care for up to one year in a nursing home, assisted living facility, or at home.
Sources:
1. https://www.singlecare.com/blog/news/long-term-care-statistics/