costs may be covered through the following options.
other family members may be willing and available to
take care of you, physically and financially. Make sure
your expectations are clear, and that the resources
you're counting on – physical, financial, and emotional
- actually exist.
Yourself, or “Self-Funding”
review of how much you have, how much you're willing to
spend of your savings & assets, and how much long-term
care costs will give you a clear picture of whether this
is the option for you.
Medicare and Medicaid may help pay for some long-term
care expenses, but coverage may be limited.
Many states have
a Long-Term Care Partnership Program designed to help
provide asset protection for those who own long-term
care insurance and seek to access Medicaid benefits.
Long-Term Care Insurance
policy can help protect:
family's resources - their time, energy, and money
independence - your ability to choose how and where
you want care
- preserving your savings
Find out how
long-term care insurance can help you.
Source: Genworth Financial
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