The latter choice has turned into a very valuable product over the past decade. The emphasis is on the individual employee and the family members planning for long term care, not being surprised and in a crisis situation. This is why employers and individuals are so concerned. Education, communication and planning are key to helping solve the problem. For every person in a nursing home, four others are cared for at home or in another community setting.
Home care can cost as much or more than nursing home care.
Timing is everything. Once you've developed early symptoms of a disabling disease you may not be able to buy a policy at any price. One of the most important things anyone planning ahead can do is be aware of the messages coming out of Washington.