Long-Term Care
Many of us can expect to live longer than the generations that came before us. But that also means a greater risk of serious and chronic health problems. Ordinary health insurance policies and Medicare usually do not pay for long-term care expenses, and Medicaid will only pay for long-term care if you've already spent most of your savings or other assets. That is why more and more people are looking into long-term care insurance.
Good long-term care insurance typically covers the cost of:
- Help in your home with daily activities like bathing, dressing, eating and cleaning
- Community programs, such as adult day care
- Assisted living services that are provided in a special residential setting other than your own home.
These services may include meals, health monitoring, and help with daily activities - Visiting nurses
- Care in a nursing home
- Rehabilitative and therapeutic care
To find out how long-term care insurance might work for you—
