Long-term care is a service that provides medical and non-medical care to people who have chronic illnesses and disabilities, as well as people who need assistance with day-to-day living.
According to www.longtermcare.gov, 21 million people required long-term care services and about 70% of people over the age of 65 required this service at some point during their lives.
Medicare does not cover "custodial" care, which is assistance with day-to-day living. Medicare only covers "skilled" care such as dispensing medicine, medical tests and diagnosis, etc. However, assistance with bathing, using the restroom, eating, household chores, etc ... are considered “custodial” care and are not covered by Medicare.
Preparing for the unexpected is a wise choice when it comes to healthcare. Having a long-term care policy could end up saving you hundreds of thousands of dollars.
Watch Our Safe Money Minute Titled "Chronic Financial Concern"
Learn More About:
Garrison-Rhoads & Associates, LLC
29 Hay Avenue
Brookville, Ohio 45309
Garrison-Rhoads & Associates, LLC does not warrant anything on this website, although we hope everything is accurate. We do not provide tax, legal, accounting, or investment advice. We are not responsible for any independent decisions made from information found on this website or links provided to external websites. You need to conduct your own research and consult with Garrison-Rhoads & Associates, LLC or your own financial professional about your personal situation before making any financial decisions.
INFORMATION CONCERNING COPYRIGHT INFRINGEMENT CLAIMS:
Garrison-Rhoads & Associates, LLC provides links from its website to various third party sites which may enable you to obtain locations and information outside of our control. We neither control nor endorse such other websites, nor have we reviewed or approved any content appearing on them. We do not assume any responsibility or liability for any materials available at these websites, or for the completeness, availability, accuracy, legality or decency of these sites.
© 2017 Garrison-Rhoads & Associates, LLC.