Around 14.5 million people have a Medigap policy which helps the beneficiaries cover the “gaps” of Original Medicare such as benefits, deductibles, and coinsurance.1 Main Points Medigap is a variety of supplemental insurance plans that help cover healthcare costs not covered by Original Medicare and each plan varies in what is covered. An individual with […]
As life expectancy increases, more and more seniors will reach their 80s and 90s. And the longer they live, the more likely they will need help with everyday custodial care. However, all such care leading up to the need for skilled nursing care in skilled nursing facilities or home health care is not covered by
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What Does Long-term Care Insurance Cover? Long-term care insurance helps seniors cover non-medical needs and services in an assisted living facility, nursing home or in-home care due to a serious illness, disability, injury or effects of aging. These services may include help with daily tasks, professional nursing care and rehabilitation. There may also be coverage
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Long-term care insurance can be a good idea as it provides for expensive care later in life and can help protect estates from long-term care costs. AARP reports1 that those older than 65 have about a 50-50 chance of needing long-term care at some point during the rest of their lives. Health insurance does not
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