MANAGEMENT

Detailed explanation-1: -Many people are unable to rely on children or family members for support and buy long-term care insurance to help cover out-of-pocket expenses. Otherwise, long-term care expenses would quickly deplete the savings of an individual and/or their family.

Detailed explanation-2: -Nursing Homes and Assisted Living (Long-term Care Facilities) Long term care facilities provide a variety of services, both medical and personal care, to people who are unable to live independently.

Detailed explanation-3: -These services include institutional care such as nursing facilities, or non-institutional care such as home health care, personal care, adult day care, long-term home health care, respite care and hospice care.

Detailed explanation-4: -The most common type of long-term care is personal care-help with everyday activities, also called “activities of daily living.” These activities include bathing, dressing, grooming, using the toilet, eating, and moving around-for example, getting out of bed and into a chair.

Detailed explanation-5: -The most common source of assistance is Medicaid, which offers several state-based programs to people who are eligible based on income or disability. These programs include home and community-based services, adult foster care, and Medicaid personal care services.