Medicare and Long Term Care Insurance?

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Health Care Coverage during Retirement and other Retirement Planning topics.

I have Medicare; Do I need Long Term Care insurance?

Medicare and Long Term Care Insurance?

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.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Retirement Planning Tip Site? Request a Tip Now!


Guru Spotlight
Jennifer Mathes, Ph.D.