Blog from www.caregiver.org
Long-term care insurance is one way to pay for a variety of services used by people with disabilities or chronic illnesses, including in-home care, community programs such as adult day services, assisted living, and nursing home care. Ordinary health insurance policies and Medicare usually do not pay for long-term care expenses. Medicaid covers some long-term care costs, such as nursing home care and limited in-home care services, but only for a person who meets income and asset limits, as well as medical criteria. While long-term care insurance may be the right answer for some families, for others it can be unaffordable, inaccessible, or too late to provide assistance. Premium costs vary greatly depending on the age and health status of the purchaser, the benefits covered by the policy, and many other factors.