Tag: Long Term Care Insurance

Understanding Long-Term Care

It may not be wise for people over the age of 65 to rely on Medicare or private health insurance. Medicare does not cover custodial care, and private health insurance rarely pays any long-term care costs. Depending on your financial situation, long-term care insurance may be your best option for peace of mind and financial benefits as you age. What Is Long-Term Care Insurance? Many...

Should I buy long-term care insurance?

If you need long-term care services and have to pay to obtain them, what financial resources could you call on? Do you have enough to pay for four or more years in a nursing home, an assisted living facility, or home health care? If you’re over 65, don’t rely on Medicare or private health insurance. Medicare doesn’t pay for custodial care, and private health insurance...