Long-term care provides help to individuals when they are not able to perform basic daily activities such as preparing food, dressing, bathing, or managing medications by themselves. According to , 70-percent of people turning age 65 can expect to use some form of long-term care in their lifetime.
And more than one-third of people receiving long-term care services are age 64 and younger, due to disabilities, accidents or chronic health conditions. However, long-term care can be expensive; the national median monthly rate for a one-bedroom unit in an assisted living facility is .
Here to discuss planning and paying for the possible long-term care needs for you or a loved one are Vice President for Communications, Laurie Petrie; and Vice President and Registered Representative, Greg Hoernschemeyer.