How to Use This Guide

This guide is designed to provide you with basic information about the various types of long-term care services now available in Massachusetts. It also explains some of the responsible financial planning strategies at your disposal for protecting you and your assets against the potentially astronomical costs of long-term care.

Part One, "Long-Term Care" provides general information about long-term care: what it costs, what services are available, how it could be financed and where to go for more information about this care.

Part Two, "Long-Term Care Insurance" provides a more detailed explanation of one of the options for financing long-term care. It will familiarize you with some of the terms and practices related to long-term care insurance in Massachusetts. In particular, the section entitled "How do policies work?" introduces you to long-term care insurance coverage.

Finally, there are a number of appendices at the end of the guide, including contact numbers for organizations that can give you more information (Appendix A), a glossary of commonly used terms such as those that appear in bold throughout the guide (Appendix B), and worksheets to help you determine the cost of long-term care in your area (Appendix C), compare long-term care insurance plans (Appendix D) and accelerated benefits in life insurance products (Appendix E) and keep a record of any long-term care insurance policy that you may purchase (Appendix F).

Planning for long-term care is an important undertaking. There is no single solution that is right for everyone. We hope this guide provides a helpful starting point in your search for a solution that is right for you. But don't stop here. Long-term care insurance and other types of financing options are valuable, but can be major financial commitments. Treat them as you would any other major financial decision by seeking independent advice from professionals who are in a position to analyze your individual needs.

Please note as you read this guide, terms that appear in bold are defined in Appendix B.

If you move out of Massachusetts, different services and/or consumer protections may apply. Contact the insurance regulator in that particular state for information that applies there.

Table of Contents