Sue Croft, Long Term Care Expert
Q. HOW IMPORTANT IS LONG TERM CARE?
A. Long-term care is one’s second most important investment. Health insurance is the first.
Q. EXACTLY WHAT IS LONG TERM CARE?
A. Help with the activities of daily living (ADLs) – custodial duties, bathing, dressing, eating, using the toilet, walking and remaining continent are the most common. An automatic trigger is a cognitive impairment such as Alzheimer’s disease. This help can be administered in several environments like home, Day Care, Assisted Living or Nursing Home.
Q. DOES MEDICARE NOT COVER SOME LONG-TERM CARE EXPENSES?
A. No. Medicare offers Home Health Care which covers medically necessary part-time or intermittent skilled nursing care and/or physical therapy, speech-language pathology services and/or services for people with a continuing need for occupational therapy. A doctor must order your care. A Medicare-certified home health agency must provide the care. There are quite a few requirements like being homebound, etc.
A(1). Skilled Nursing Facility Care covers semi-private rooms, meals, skilled nursing, and rehabilitative services and other medically necessary services and supplies after a 3-day minimum medically necessary inpatient hospital stay for a related illness or injury…Medicare doesn’t cover long-term care or custodial care.
Q. What types of Long Term Care are available?
A. There are two types. The first is Recovery Care. It is very affordable and available for short periods of time – 8, 9 or 12 months. The second is Long Term Care Insurance. It partners with the state of Virginia. It is affordable and you receive twice the coverage you purchase.
Sue Croft has been in the financial services since 1989. Graduated Cum Laude Lynchburg College in 1986 with a BA in Accounting. In my past careers, I’ve held financial licenses; Series 7, Stock Broker License; Series 65; Investment Advisor Representative; Series 6, Limited Representative to sell Variable products; Series 63, Virginia Securities. Nominated woman of the year by the NAPW 2010-2011. Listed in Staffords Who’s Who Registry.