Broker Check

Long Term Care

Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. Research shows that at least 70 percent of people over age 65 will need long term care in their lives.(8)

There are three levels of long-term care:

  • Skilled care: Generally round-the clock care that's given by professional health care providers such as nurses, therapists, or aides under a doctor's supervision.
  • Intermediate care: Also provided by professional health care providers but on a less frequent basis than skilled care.
  • Custodial care: Personal care that's often given by family caregivers, nurses' aides, or home health workers who provide assistance with what are called "activities of daily living" such as bathing, eating, and dressing.

Your Personal Financial Concierge will help you analyze your options and the economic strategies available to fund long term care for you and/or your extended family.