Long Term Care Part 2: What It Does

Good morning Dolls,

Happy Monday to you all! I hope you had a great weekend.  My son and my bonus son were with me this weekend. Had a great time hanging with them and going to church 🙂

Last week, we started our conversation about Long Term Care and what it is.  Remember, Long Term care is when a person can no longer perform 2 of the 6 daily living functions by themselves. These functions are:
1. Toileting -Going to the bathroom by yourself (wiping, getting on and off of the toilet)
2. Continence -Being able to hold your bowels
3. Feeding yourself
4. Dressing yourself
5. Bathing yourself
6. Transferring -Moving from place to place by yourself

Today’s blog will be about what Long Term Care can do for you.

What It Does 

Long Term Care protects a person’s assets.  A lot of times when people don’t have this type of insurance, the state will deplete all of your assets (401K plans, savings accounts, money market accounts and possibly their home).  While Medicaid and Medicare can help with some of the costs, it will not cover all, nor will it let you be in the location of choice. You will be forced to stay somewhere you probably won’t be comfortable in.  Long Term Care provides you with a pool of money that can be used when an event occurs.  You will have access to use as much as you need to until it’s depleted.  So if you have 100,000 in your pool and you have an event.  If you only need to use 10,000, you will have 90,000 left in case another situation occurs.

As you can see, Long Term Care insurance protects your assets so you can preserve them what they’re really for.

If you have any questions, please feel free to respond here or reach out to me at: thefinancialcomforter@gmail.com

Next week: Where Can I Have Long Term Care

Have a beautiful and blessed week!


Changing the lives in our community….one family at a time 🙂




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