Long-Term Care

Long-term care is help with everyday activities such as bathing, dressing, eating, using the bathroom, and moving around. Care may be provided in your home, in an assisted living setting, or in a nursing facility, depending on your needs.

Medicare generally does not cover ongoing custodial long-term care. It may cover certain short-term skilled nursing or rehabilitation services when specific conditions are met, but it is not designed to pay for extended custodial care. Without other coverage or a dedicated plan, long-term care expenses may need to be paid from personal savings or other family resources.

There are several ways to prepare for potential long-term care costs. Options may include traditional long-term care insurance, life insurance policies with long-term care benefits or riders, certain annuity-based solutions, or self-funding with personal assets. Each approach works differently, and we can help you compare the options based on your goals, health, and financial situation.

Earlier planning can give you more options. Premiums and eligibility for long-term care coverage are generally based on factors such as your age and health when you apply, and changes in health can affect your ability to qualify. Many people begin exploring their options in their 50s or early 60s, before a need for care arises.