Long Term Care
According to the U.S. Department of Health and Human Services the average person turning 65 years old today has almost a 70% chance of needing some form of long-term care services during their remaining years. Traditional coverage, like personal health care plans, Medicare, and Medicaid only extend so far.
These coverages will cover doctor, pharmacy, and hospital expenses but they will not cover “activities of daily living.” Examples of daily living skills are dressing, eating, walking, bathing, and moving in and out of bed. Therefore, long term care coverage provides the assistance an individual would need as a result of illness, accidents, and aging.
Paying for long term care could be devastating to a family’s overall financial wellbeing and future. However, at Granger Financial, our team will help you take the first steps and analyze the benefits of a long term care policy to best meet your family’s needs.