When it comes to the rising cost of long term care, it is important to understand your options. Traditional health insurance is not designed to cover long term care. Medicare was not designed to adequately cover the long term care costs many Americans may face. And, Medicaid (in California, MediCal) may not cover you until many of your assets have been depleted.
Time is a consumer’s enemy when it comes to long term care planning. A future change in health could limit your options.
The time to plan is now. Take a look at the LTC Information section. There is an online interactive cost of care tool to help you learn more about costs in your area. And don't forget to browse the Resource section to find articles to help you stay up-to-date on long term care issues.