December 11, 2009, Newsletter Issue #101: Medicare and Long Term Care Insurance?

Tip of the Week

Medicare only covers what is referred to as “Skilled Nursing Care.” Long Term Care insurance will cover Skilled, Intermediate, and Custodial Care. A Medicare Supplemental policy will not cover areas such as assistance with cooking or home activities. In fact, if you see Medicare selling a Long Term Care insurance plan, you can know that it is a scam.
If you believe that you will need Long Term Care and want to look for an insurance plan, always compare at least three plans before making a decision.

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