An important part of planning for long-term care is deciding how to pay for services. This is because long-term care is very expensive, and contrary to what many people believe, their Medicare coverage will not pay for most of the long-term care services they need.
Those who will need long-term care services there's a very good chance you will have to pay for some or all of your long-term care services out of your personal income and resources.
|
| Medicare |
Medicaid |
Private Funds |
Long-Term
Care Insurance |
Veterans
Benefits |
Adult Day Services |
No |
Some Instances |
Yes |
No |
Yes |
Alzheimer's & Dementia |
Not unless they meet criteria for short-
term rehab |
Yes |
Yes |
Depends on
type of policy |
Yes |
Assisted Living |
No |
No |
Yes |
Depends on
type of policy |
Yes |
Home Care |
For skilled services if person meets criteria |
Some Instances |
Yes |
Depends on
type of policy |
Yes |
Independent Living |
No |
No |
Yes |
No |
No |
Nursing Care |
For Skilled Rehab
Visit Only |
Yes |
Yes |
Depends on
type of policy |
Yes |
|
