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A report prepared by the U.S. Senate Special Committee on Aging described long
term care as folows:
Long Term Care differs from other types of health care in that the goal of long term care is not to cure an illness, but to allow an individual to attain and maintain an optimal level of functioning. Long Term Care encompasses a wide array of medical, social, personal, and supportive and specialized housing services needed by individuals who have lost some capacity for self care because of a chronic illness or disabling condition. ( Special Committee on Aging United States Senate, February 2000 Developments in Aging: 1997 and 1998, Volume 1, Report 106-229 Washington DC )
70% of couples will have one partner enter a Nursing Home or will utilize some form of Long Term Care. ( Wall Street Journal, 4-23-1990 )
Studies show that costs continue to rise and now average around $55,000 a year. ( "Prepare for the Unthinkable: Long Term Care" ) by Terry Savage
60% of singles and 34% of couples exhaust their assets after 91 days. ( Harvard University Study )
40% of Americans using Long Term Care services today are between the ages of 18 and 65. ( Journal of Financial Planning, "Putting Long Term Care on the Radar Screen," September 1, 2001. )
Having the availability to choose the facility you like that best meets your needs or to be able to have the care you need right at your home. These are the choices you have when properly planning for the unexpected. Our goal at Ingram Financial Group is to assist you in meeting those goals. To evaluate options and give you the freedom to choose when the time arises. Let us assist you by evaluated your needs and goals.
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