Think you have long-term care expenses covered?

 

If you're like the majority of Texans, your financial plan doesn't cover long-term care expenses.  And if you think Medicare or Medicaid will pick up the cost, think again. Medicare covers only short-term care, and Medicaid is designed for those with limited resources and income.

 

That's why the Texas Legislature created the Texas Long-Term Care Partnership-to help Texans own their future by planning now for their long-term care needs.

 

Understanding long-term care:

 

• Long-term care services help you with health and personal care needs as you age or if you have a serious illness or injury.  This includes assistance with activities of daily living like bathing, dressing, and eating.

 

• Nearly 70 percent of people over age 65 require some type of long-term care services, and 40 percent of those receiving long-term care today are under 65.

 

• Health or disability insurance, or even Medicare, typically do not cover long-term care.  However, long-term care insurance policies are available and are generally more affordable when purchased at a younger age.

 

You can learn more about planning for long-term care by requesting information at LTCProfs.com