Dossier
long-term care policy
Coverage of long-term care policy in the Nexus archive.
- Decoding differences in senior care and what’s covered
The article clarifies common misconceptions about senior care coverage, emphasizing that Medicare does not pay for most home care services, which are typically private-pay unless covered by a long-term care policy. It distinguishes between non-medical home care and Medicare-covered home health care, noting that skilled care may be covered for medically necessary rehabilitation but not for ongoing daily needs.
- I’m 55, married and want a $1.5 million long-term care policy. Do I get a traditional or hybrid?
A 55-year-old married individual is considering a $1.5 million long-term care insurance policy and is deciding between traditional and hybrid options. They explicitly state they are not seeking advice against purchasing such a policy.