Long-term care insurance is a means of privately financing long-term care needs, such as extended nursing home care, assisted living facilities, or home care, all of which are usually not covered by Medicare. As the generation of baby boomers ages, an increasingly large number of people will require long-term care, but many have not planned for it, thinking they can leave the financial burden to the government. Yet, as government-funded medical expenses continue to rise, programs such as Medicaid and Medicare face funding crises. Long-term care insurance will continue to grow in importance and popularity in order to combat the rising costs of government-sponsored healthcare.
NAHU’s quarterly newsletter on Long-Term Care Insurance
LTC Advisory Group Click here for group members and their contact information.