- Most private medical and major medical insurance plans do not cover long term care.
- Medicare generally covers some nursing home care, but only for a limited time.
- Disability insurance only replaces lost income.
- Medicaid pays only for nursing home care after you have spent most of your assets.
We are an independent brokerage agency for Genworth, we specialize in Long Term Care Insurance. Please visit our website www.ltcinsurancethatmatters.com for information on Genworth LTC Insurance and request customized quotes!
Tuesday, June 8, 2010
Who Pays for Long Term Care
Since the passage of the Health Insurance Portability and Accountability Act (HIPAA) in 1996, it is now clear who is primarily responsible for paying for long term care: YOU.
Long term care services aren't adequately covered by most types of insurance, or governmental programs including Medicare and Medicaid.
Posted by Bri Hemby at 10:07 AM
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