What are the most common chronic diseases?


When putting together a financial plan for the future, it’s important to understand what kind of health risks we face as we age.

Having a firm understanding of the health risks associated with certain conditions can help give you the confidence you need to commit to a comprehensive plan that will ensure that any future long term care needs will be met.

Chronic disease is a sensitive topic for friends and family members, but having a financial plan that covers long term care expenses helps to provide peace of mind and financial security.

By the numbers

Critical facts:

  • According to the National Council on Aging, 80% of adults age 65 and older have at least one chronic disease, and 68% have 2 or more chronic diseases.

  • Chronic diseases account for 95% of healthcare costs in Americans 65 and older.

  • Chronic diseases account for over 2/3 of all healthcare costs in the US.


Healthy living can go a long way in preventing these conditions, especially by avoiding behavioral risk factors. According to the CDC, the main risk factors for developing chronic diseases are:

  • Tobacco use
  • Poor nutrition
  • Lack of physical activity
  • Excessive alcohol use

However, healthy people also develop chronic conditions like hypertension and high cholesterol as they age. These conditions are very common, and many people are unaware of the financial risks associated with chronic illnesses that can result from these underlying conditions.

If you develop a chronic condition that requires long term care from a home health care agency, nursing home or assisted living facility, you may have to pay these expenses yourself.

Medicare is not designed to cover long term care, and Medicaid will only cover long term care after you prove that you have spent down virtually all of your assets.

If you own a long term care insurance policy and develop a chronic illness, you will be able to receive benefits from the policy if a doctor verifies that your condition is severe enough that it prevents you from performing at least 2 of 6 Activities of Daily Living (ADLs). These include: bathing, continence, toileting, transferring, dressing, and eating.

However, long term care insurance premiums on traditional policies have skyrocketed in recent years. As a result, many policyholders have had to reduce their coverage or cancel their policies. New customers are justifiably reluctant to purchase traditional long term care insurance, even though they know they need coverage.

Hybrid long term care insurance has become an attractive alternative to the traditional LTC model.

By securing chronic illness benefits or long term care benefits on a life insurance policy, policyholders are able to receive a premium guarantee and a death benefit, two key features that are not available on traditional LTC policies.

At Hybrid Policy Advisor, we provide quotes from all of the best companies offering hybrid long term care insurance products. As an independent agency, we are dedicated to finding the best possible long term care solutions for each and every client we serve.

If you would like to learn more, please give us a call at 1-866-365-6558, or click the button below to fill out a quote request form or send us a message.



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