Does Medicare cover long-term care expenses? The answer may surprise you! Let’s take a look back at a recent post on LTC to round out our LTC education . . .
There was an easy-to-read article in the LA Times about Long-Term Care Insurance which spelled it out very nicely.
If you haven’t given much thought to how you’d pay for long term care expenses, you’re not alone. Most of us haven’t. But, the BIG question is: Would you be able to pay for someone to take care of you 24/7?
In California, today the average annual cost for long term care in your own home is about $82,000. Wow, that hurts! If you cover your ass(ets) and get long-term care insurance, you’ll significantly reduce your costs.
So . . . DOES Medicare cover LTC? No! Does your health insurance cover LTC? No!
Not a happy prospect. We are all about protecting your money over here, so it may be time for you to start thinking about it, too. Remember… the younger you are when you plan ahead the more you save. The Insurance Mom only wants what’s best for her favorite people!
Educate yourself on the eye-opening details by reading the article here and contact The Insurance Mom for a chat about your future. Mind your P’s and Q’s and you’ll be taken care of . . . long-term.
