Long-term care involves several different services designed to help a person meet their health or personal care needs during a long or brief period. These services are designed to allow a person to effectively continue to live an independent life in a safe manner when they cannot perform some everyday activities on their own.
Long-term care may be provided in any number of settings by different caregivers. The majority of long-term care is provided at home by friends and family. Care may also occur in a professional setting such as an elder care facility and/or a nursing home. The most common type of care is personal care. This includes help with everyday activities, termed “activities of daily living”. These activities include bathing, dressing, grooming, using the toilet, eating, and moving around.
You never know if you or someone in your family will need long-termlong-term care. The Administration for Community Living conducted a study and found someone turning 65 today has almost a 70% chance of needing some type of long term care service during their lifetime. Further Genworth (a life and long-term care insurer) notes the monthly median cost in the US (in 2021) for care ranged from $5,000 (in-home care) to $8,000 for a semi-private room in a nursing home facility.
In this webinar, sponsored by Sierra Pacific Financial Advisors, Tim Bellig will present issues people face when confronted with a long-term care event, from coordination of care and benefits to the financial burdens on their estate. He will also present potential solutions to those issues and challenges.
Date and Time
Thu, Jun 01, 2023
12:30p - 1:30p PST