Genworth raises long term care awareness

November has been declared Long Term Care Awareness month by the American Association for Long Term Care. It’s also National Family Caregiver’s Month.

About 70 percent of Americans 65 and over will require some form of long term care (LTC) during their lives, according to Genworth Financial.

Traditional health insurance isn’t designed to cover long term care and many Americans may need long term care at some point in their lives, according to release from the company.

Generally, Medicare wasn’t designed to adequately cover long term care costs. Since many Americans do not yet own long term care insurance, the burden of care giving often falls upon unpaid family caregivers. Typically, long-term care needs last more than 90 days, and many people need help for much longer, sometimes for years. This can be a significant physical, financial and emotional burden for family caregivers, according to the company.

Long Term Care Awareness Month is a perfect time to make plans for how your family will manage the impacts of long term care. Meeting with your financial professional is a great way to start.

Barbara Hayslip is a Genworth Long Term Care and Life Insurance Professional, based in Shelton. To learn more call her office at 203-395-3427 or visit