A range of services designed to assist individuals with chronic illnesses or disabilities who need help with activities of daily living (ADLs) over an extended period.
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Activities of Daily Living (ADLs)
Basic self-care tasks such as eating, bathing, dressing, going to the bathroom, transferring, and maintaining continence.
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Skilled Care
Professional medical attention from trained personnel, such as registered nurses or therapists, delivered in nursing homes or at the patient's home.
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Personal Care
Assistance provided to help individuals perform essential ADLs.
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Supervisory Care
Care for individuals with cognitive impairments requiring verbal reminders, supervision, and sometimes protection.
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Percentage of LTC that includes personal and supervisory care
88% of long-term care services comprise personal care and supervisory care.
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Retirement Homes
Accommodation and support services for older adults who can live independently but may require assistance.
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Private Home Care
Assistance with daily activities and medical care provided in an individual's home.
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Long-Term Care Insurance
Insurance designed to cover the costs of long-term care services, which can include various policy types such as reimbursement and indemnity.
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Reimbursement Policies
Long-term care insurance policies that reimburse policyholders for actual expenses incurred for care, up to a specified limit.
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Indemnity Policies
Policies that pay a fixed benefit amount regardless of actual expenses incurred by the policyholders for long-term care.
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Benefit Triggers
Criteria that determine how and when benefits are paid out in long-term care insurance policies.
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Exclusions in LTC Insurance
Conditions that are not covered by long-term care insurance, such as pre-existing conditions and intentional self-inflictions.
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Ontario Nursing Home Costs
Set costs for accommodation in long-term care facilities, which vary depending on the type of room and level of care.
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Cognitive Impairment
A common trigger for long-term care insurance benefits, indicating the policy pays benefits if certain memory tests are not passed.
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Waiting Period/Elimination Period
Timeframe that an insured person must be continuously dependent before a claim will be paid under long-term care insurance.