Long Term Care Insurance (LTC)
The University of Utah sponsors Long-Term Care Insurance which provides a daily benefit for nursing home care, adult day care, and/or home-based care.
Group Long Term Care Booklet from CNA (includes premium rates)
What is Long-Term Care?
Long-term care is the kind of care people need when, because of severe injury or chronic illness, they cannot perform basic activities of daily living without help. Some common disabling illnesses and injuries include:
- Multiple Sclerosis
- Parkinson's Disease
- Stroke
- Head Trauma
Long-term care isn't just for the elderly; disabling injuries can occur at any age. A disabling illness or injury might mean needing help in your home to do basic activities, such as bathing and dressing, or needing full-time nursing home assistance.
The cost of long-term care can range from $30,000 to $100,000 per year, and those costs are typically not paid by other insurance. Medical insurance only pays for short-term acute care. Disability insurance pays a percentage of your regular salary while you are unable to work. Medicare will only pay for limited amounts of care. Medicaid does pay for long-term care; however, only after you spend most of your financial assets.