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August 18, 2006, Newsletter Issue #68: Can I Afford Long Term Care?
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Tip of the Week
Long term care is expensive and is paid by state MedicAid, after the elderly person is approved for MedicAid benefits.
Otherwise, long term care is paid for by private agencies, including insurance companies who offer long term care insurance. Another party who pays for long term care is the private pay person...
Private pay is paid out of your pocket to the facility providing long term care services.
Be sure to check to see who is responsible for long term care.
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