It’s a matter of love,
responsibility, and commitment.
As your parents age, their health could decline and they may need long term care. Because this type of care is typically not covered by health or other types of insurance, it's often provided by adult children, other family members, or friends. Discussing a long term care plan with your parents in advance can help set your family's expectations up front and eliminate uncertainty if a life-changing event does occur. A financial plan that includes long term care insurance can help ensure their independence, reduce their reliance on loved ones, and protect their savings and assets.
Long term care is often associated with getting older, but the need for it can happen at any age. Nearly 41% of long term care is provided to people under age 65 who need help taking care of themselves due to diseases, disabling chronic conditions, injury, developmental disabilities, and severe mental illness. It's never too early to plan for the unexpected.
Did you know that certain family members are eligible for the Federal Long Term Care Insurance Program (FLTCIP) and can apply even if you don't?
Talk to a program consultant today.
1-800-LTC-FEDS (1-800-582-3337) TTY 1-800-843-3557
* Benefits for informal caregiver services are limited to those individuals who do not normally live in your home at the time you become eligible for benefits. And, benefits for care provided by family members are limited to 500 days in your lifetime.
The Federal Long Term Care Insurance Program is
sponsored by the U.S. Office of Personnel Management,
insured by John Hancock Life & Health Insurance Company,
and administered by Long Term Care Partners, LLC.