7
A third option would be to have a family member care for you at home. However,
an important question to consider is whether they would have the financial means
to look after you full time?
The cost of informal care in the home is hard to tally, but for a family member who
may give up a full-time job to care for a loved one at home, this loss of income
could be devastating. Unfortunately, the tax breaks given to care providers in the
home are only a small percentage of the total cost to those who provide this care.
Home care provided by a family member
PURCHASING LONG-TERM
CARE INSURANCE
The life and health insurance industry plays a complementary role to the
public health system by providing long-term care insurance protection to
Canadians. There are many life and health insurance companies in Canada
that offer long-term care insurance.
Who provides long-term care insurance?
TIP: If you need help finding out which companies offer long-term care insurance,
contact the OmbudService for Life and Health Insurance. Go to www.olhi.ca for more
information.
