Long-term care is a range of services and support provided to individuals who require assistance with daily living activities due to chronic illness, disability, or cognitive impairment. Long-term care services can include assistance with activities of daily living (ADLs), such as bathing, dressing, eating, and toileting, as well as other support services, such as medication management and transportation.

Long-term care can be provided in various settings, such as in-home care, assisted living facilities, or nursing homes. Long-term care is typically expensive and can quickly deplete an individual’s savings or assets. Planning for long-term care is essential to avoid financial hardship and ensure access to quality care.

Long-term care insurance is an option that provides coverage for long-term care expenses. Individuals can also consider other options, such as Medicaid or personal savings. It is important to start planning for long-term care early to have adequate time to evaluate options and make informed decisions.

Long-term care planning is an essential part of a comprehensive retirement plan that considers the potential need for long-term care services and ensures adequate financial resources are available.