If you ask the average senior about long-term care (LTC), they are just as likely to throw up their hands and say that both nursing home care and LTC policies are just too expensive. If they haven’t already got a plan in place, they aren’t likely to start investigating one at this stage of their lives.
But that could change. If the long-term care insurance industry focuses more on helping people cover home-based services, policies would be more affordable and more appealing, says Kaiser Health News in its recent article, “How To Get Long-Term Care At Home Without Busting The Bank.” Most people see long-term care as a home care problem, and they can see a benefit to insuring people for the likelihood of where care is going to be needed first: at home.