One of the biggest myths about the long-term care

One of the biggest myths about the long-term care -
Many people do not plan for their needs LTC coming because they think the government will pick up the tab. In reality, this is simply not true unless you are eligible for Medicaid (generally those with less than $ 2,000 in assets). Since 70% of people over 65 will require some type of long term care in their lifetime, according to the U.S. government, this is a serious mistake to be made. That's why.
Medicare limits coverage of long term care services. In general, it will cover home care if it is part of the recovery is that you are supposed to get better soon. If you receive care in an institution, they can only cover the first 20 days. 21-100 day you are responsible for a large daily copayment, currently just over $ 150 per day. Medicare does not provide benefits after 100 days. So what?
This is why it is so important to consider the long-term care insurance. It pays for a wide range of services and support that are generally not covered by medical insurance or Medicare. The type of care it covers fall into a range of services to have help at home all the way to nursing home care. In addition to protecting pension assets and provide options for care, most long-term care insurance policies come with care coordination benefits. This means that at the time of application, a specialist will help you find appropriate care and establish a plan to suit your needs and preferences.
Because this type of insurance can be complicated, it makes sense to sit down with an expert LTCI, who can guide you through your options and find a solution that suits your budget.