The resources curated here are designed to support the work financial professionals do with clients searching for information and resources on long-term care options, affordability, and access.
Long-term care can be defined as daily, ongoing, care necessary to perform essential life functions such as walking, bathing, toileting, eating, dressing and grooming, and transferring (e.g., moving from a bed to a chair). These activities are called “activities of daily living” or ADLs. In addition to nursing home care, long-term care may include care at home and respite periods for caregivers.
With an average U.S. life expectancy of 78.7 and many people living longer, the cost of long-term care is an increasing financial risk. The term “long-term care” refers to a wide range of services ranging from limited assistance at home with daily activities to admission to a nursing home for intensive medical care and support.
WEBINARS | Understanding Long-term Care:
- Basics and VA Aid & Attendance
This webinar begins with a discussion of the basics of Long Term Care insurance options, facilitated by Dr. Michael Gutter. Then Mr. Kevin Friel discusses the Pension and Fiduciary Services of his office under the VA Aid & Attendance program, including pension eligibility, survivor benefits, and housebound services. - Extended Care and Housing
Speakers from the VA Home and Community Base Programs and Specially Adapted Housing offices share information about the programs the VA offers to veterans who need assisted living, in-home care, or adaptations to their homes to meet their health care needs.
ARTICLES:
- Long-term Care Basics – Part 1 | Guidelines to consider when looking at long-term care insurance, and tips for purchasing long-term care insurance.
- Long-term Care Basics – Part 2 | Background information and expert recommendations to consider when purchasing a long-term care policy.
This resource page and the content within was created by the Personal Finance concentration area of OneOp.
Learn more about and access the many different resources offered by the Personal Finance concentration area by visiting the webpage linked below.
