Study Guide - Long Term Care Fundamentals

The study guide is provided to guide you through the course material in a step by step format.

The risk of needing long term care—a designation given to a broad range of services designed to meet an individual’s mental, emotional or physical health and personal needs and which are often provided over an extended period of time—is present at all ages. However, as individuals become older the risk of requiring long term care increases significantly.

The U.S. population is expected to increase in size by about 27% by the year 2050. In contrast, the part of the U.S. population most at risk for needing long term care—the segment comprised of individuals 85 years old or older—is expected to grow about 280% during this same period. Not only is the part of the population most at risk for needing long term care growing disproportionately, the cost to provide that care is also increasing. Long term care costs are substantial and, over the last several years, have been increasing at a rate that exceeds the inflation rate.

The growing risk of needing long term care fueled by a rapidly aging population coupled with the high and continually increasing cost of such care can present burdensome financial concerns to many clients and their heirs. This course examines the nature of long term care, the forms in which it may be delivered, the risk of needing such care, the costs of long term care, the sources available to pay long term care costs and the features of long term care insurance.   

Course material is an online PDF document available immediately upon purchase.

Prerequisite: None

Course level: Basic

Advanced preparation: None

Teaching method: Online study and exam

Chapter 1 - The Nature of Long Term Care

The learning objectives for this lesson are to gain an understanding of:

  • the definition of long term care
  • typical conditions requireing long term care
  • types of tlong term care
  • settings in which long term care is provided
  • likelihood of requiring long term care
  • social and demographic factors affecting long term care

Chapter 2 - Long Term Care Costs

The learning objectives for this lesson are to gain an understanding of:

  • nursing home costs
  • assisted living facility costs
  • community-based professional care costs
  • populiation trends affecting long term care
  • long term care cost to payers

Chapter 3 - Long Term Care Insurance

The learning objectives for this lesson are to gain an understanding of:

  • long term care insurance approaches
  • benefit triggers
  • basic long term care insurance policy provisions
  • tax treatment of long term care insurance
  • alternatives for paying long term care costs

Chapter 4 - Suitability and Ethical Issues

The learning objectives for this lesson are to gain an understanding of:

  • suitability
  • ethical issues

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