It’s Long-Term Care Insurance Awareness Month—and for good reason. Many people don’t know exactly what this type of insurance is or what kind of benefits it provides. But don’t worry if you fall into the “I don’t know” category, because as part of our mission as a nonprofit is to educate consumers about what this type of insurance is and what it can do for you and your loved ones.
Enter the “What You Need to Know About Long-Term Care Insurance” guide, which we have just updated with the latest info. You can access it here, where you can also download it and read it at your leisure.
The bottom line is that long-term care insurance (and products that combine this coverage with other types, like life insurance) gives you greater control about how, when and where you’d get care if you needed it—and how it gets paid for.
Below are some “tweetable” facts about long-term care insurance that you can just click to tweet and help spread the word.
80% of long-term care at home is provided by unpaid caregivers, who spend on average 20 hours a week. Click To Tweet[Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov]
57% say they personally need long-term care insurance, yet only 15% own it. Click To Tweet[Source: 2018 Insurance Barometer Study, Life Happens and LIMRA]
58% of long-term care caregivers, often unpaid, have intensive responsibilities like assisting with bathing or feeding. Click To Tweet[Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov]
8% of people ages 40-50 have a disability that could require long-term care services. Click To Tweet[Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov]