Many of us don't know what it is, or we think it's just for older folks. That's because the cost goes toward paying for such assistance as helping a patient get dressed, eat, go to the bathroom, etc. One reason the cost of long-term care has emerged as an economic hazard is that we no longer have as many traditional caregivers. Families normally provided such care, but these days children usually live farther away from their parents, and both sons and daughters have full-time jobs. One way to pay for the cost of long-term care is through insurance.
Insurance provides independence.
While individual long-term care insurance policies have been available for years, not everyone can afford their premiums. That's one reason why WEA Insurance created a group long-term care insurance policy. If it is negotiated as part of a group plan, you can protect your finances and get coverage against the high cost of long-term care at a relatively low and affordable premium.