What is Long Term Care Insurance?
This column has been created to provide you with information about the various insurance and planning options available to you in the event you or a loved one becomes seriously ill and may or may not need professional care. People have different interpretations of the term ‘long term care’ and generally speaking, for insurance purposes, this means an individual requires constant and ongoing professional care. It is important that you understand the benefits of the coverage you have so that it meets your expectations.
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Long Term Care Insurance: Is our savings sufficient for care coverage?
With increasing awareness of the Baby Boomer retirement, the insurance industry is heavily focusing on long-term care insurance plans for aging consumers. Although Ministry of Health puts forward a significant amount of budget towards care for seniors, one can no longer depend on it solely or on private health insurance because it does not cover extended nursing home stays, assisted living centres or regular home care visits.
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Independent Supportive Living in Ontario
Independent/Supportive Living options provide both the advantages of living independently in an apartment and the availability of supportive services and amenities typically provided in full-service retirement residences.
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Living Arrangements for Persons with Alzheimer Disease
Many people in the early stages of Alzheimer Disease live safely at home, even though they may need plenty of memory cues like lists and notes. Over time, though, Alzheimer Disease causes memory loss and thinking problems that could make living at home problematic. For example, Alzheimer patients who are in the mid- to late-stages of the disease have been known to leave appliances such as the stove or the coffee pot on, and wander to unsafe places such as a busy intersection or unfamiliar part of town.
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