In our line of labor, we’ve got performed numerous insurance coverage critiques, and one key space we’ve got noticed is that long-term care planning is commonly uncared for or under-planned within the occasion of extreme incapacity. This subject impacts all Singaporeans and everlasting residents as a result of excessive monetary danger concerned.
This text goals that can assist you perceive the chance, the monetary impression, and the way we may be higher ready to take care of it.
What’s Lengthy-Time period Care (LTC)?
Lengthy-term care refers back to the private and medical help wanted when a person is unable to carry out every day “Actions of Every day Dwelling (ADLs)” — akin to washing, feeding, dressing, toileting, strolling or transferring round, and transferring. These are primary self-care duties, and if an individual is unable to carry out not less than three out of the six ADLs, they’re thought of severely disabled.
Circumstances That Might Trigger Extreme Incapacity
Extreme incapacity could come up resulting from a number of elements, akin to:
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