Purpose

This assignment is intended to help you learn to do the following:

• Select long-term care products for clients.
• Explain the sources of coverage for long-term care insurance.

Overview

Long-term care (LTC) impacts issues ranging from family lifestyles to workplace productivity. The state of Ohio recently became a partnership state and has begun to encourage citizens to insure this risk. With the largest percentage of long-term care claims arising from those younger than age 65, explore what are some of the consequences of the growing risk of needing long-term care and its impact on personal financial planning. The Ohio Long Term Care Partnership Program is designed to encourage Ohioans to insure against the risk of long-term care by purchasing their own long-term care policy. This video is an example of a citizen using long-term care.

Action Items

1. Write a 3-4 page paper to answer the following questions:
   1. Do you believe the Partnership Act will address society's growing financial burden of long-term care costs? Why or why not?
   2. How do families finance the cost of long-term care?
   3. Explain the financial and emotional impact to families and businesses due to a long-term care event.
2. Review the links below for more information on each of these programs:
   1. American Association for Long-Term Care Insurance
   2. Medicaid's Dark Secret
   3. LongTermCare.gov
   4. LTC Fact Sheet
   5. The Beginner's Guide to Long-Term Care Planning