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March 30, 2007, Newsletter Issue #98: Long Term Care - Who Pays For It?
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Tip of the Week
Long Term Care can be expensive, and many health insurance plans (including Medicare) do not cover it fully.
When researching long term care, be sure to check with your medical insurance provider to see if long term care is provided.
When the need for long term care arrives, it might be necessary to file for Medicaid, or to pay privately for the long term care.
Long term care effects approximately 57% of households in America, and is expected to increase, as baby boomers age.
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