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What Does Long-Term Care Cost?

Thursday, June 11th, 2009

An important part of planning for long-term care is deciding how to pay for services. This is because long-term care is very expensive, and contrary to what many people believe, their Medicare coverage will not pay for most of the long-term care services they need. While some people may qualify for Medicaid the major payer of long-term care services, most people wont. There are other federal public programs, such as the Older Americans Act, or state funded programs, that pay some long-term care services, but like Medicaid they target those people with the most functional and financial need. Consequently, if you are one of the 70% of people over the age of 65 who will need long-term care services there a very good chance ... http://life-insurance.ucoz.com/news/long_time_care_insurance/2013-06-04-3022