![]() ![]() ![]() The Guided Planner will guide you through these key considerations:Ĭost of care: Compare the national average cost of long term care with other locations in the United States. When choosing a plan, consider the role your family may play in providing your care, the cost of care where you live or plan to retire, and how your coverage may contribute to your broader financial goals. The FLTCIP’s new Guided Planner was designed to simplify the process of building a FLTCIP plan that’s right for you. ![]() There’s no one-size-fits-all when it comes to long term care insurance, and it’s no secret that planning for your future care can be overwhelming. Purchasing coverage under the FLTCIP may help to protect your savings and assets as well as remain independent in the event you ever need long term care. Designed specifically for the federal family, the FLTCIP provides insurance coverage that reimburses for long term care in places like a nursing home, an assisted living facility, or at home. Caregiving can be stressful, and often takes a toll on a caregiver's health and well-being.įor this reason, you may want to research standalone long term care insurance like the coverage that is offered under the Federal Long Term Care Insurance Program (FLTCIP). Because long term care is not typically covered by health or other types of traditional insurance, it’s most often provided at home by adult children, other family members, and friends. As you learn more about long term care, consider the possibility that you may need this type of care in the future and start planning for it today.ĭid you know that 70 percent* of Americans older than age 65 will need long term care at some point in their lives? This means personal care and other related services provided on an extended basis to people who need help with everyday activities or supervision due to a severe cognitive impairment, such as Alzheimer's disease. You may already be aware of what long term care is, whether it's through personal experience caregiving for a loved one who needs daily assistance, or knowing a family member or friend who requires more support as they age. ![]()
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