Long-Term Care

Does Medicare Cover Nursing Homes?

Maurie Backman (TMFBookNerd) What Medicare will cover Does Medicare cover nursing homes? For the most part, no. There’s a difference between needing a nursing service to assist you with a medical issue or recovery versus needing constant custodial care. Under Medicare Part A, you’re typically covered for care in a certified skilled nursing facility if that care is …

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Why All LGBTQ People Should Consider Getting Long-Term Care Insurance

  John Schneider and David Auten , CONTRIBUTOR Cashing in on fabulous with queer money. Opinions expressed by Forbes Contributors are their own. An alarming 36% of LGBTQ people say they’d rather spend for today than prepare for tomorrow. But what happens at the end of life and medical or nursing-assistance, either in-home or in a nursing facility is …

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How to pay for long-term care? Several funding options exist

Mechanisms for covering the costs include insurance products, Medicaid and self-funding   By Greg Iacurci Roughly half of Americans turning 65 today will require long-term care. As life expectancy continues to rise and the cost of care creeps up, there’s a growing need for financial advisers to be knowledgeable about long-term-care funding mechanisms to help clients …

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Why Your 50s Are a Good Time to Begin Thinking About Long-Term Care

Think about it before you need to think about it.   By Geoff Williams, “The key to purchasing long-term care insurance is to do so when you’re still healthy to qualify.” (Getty Images) Sure, it seems crazy to start thinking about a possible future when you’re infirmed and need long-term health care if you’re only in your …

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Separating Fact From Fiction when it comes to Long-Term Care Insurance

| Bill O’Quin, CLU, ChFC, RFC | 2 chat Few people are prepared to handle the financial burden of long-term health care. In fact, many people have a false sense of security when it comes to long-term care. Let’s separate fact from fiction: “Medicare and my Medicare supplement policy will cover it.” FACTS: Medicare and “Medigap” insurance was …

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