THE JIMMY TRAVIS SHOW JANUARY 19, <strong>2013</strong> 24
Did You Know?...Medicare doesn’t pay for Long-Term Care PLANNING FOR LONG-TERM CARE Long-term care includes medical and non-medical care for people who have a chronic illness or disability. Non-medical care includes non-skilled personal care assistance, such as help with everyday activities, like dressing, bathing, and using the bathroom. At least 70% of people over 65 will need long-term care services at some point. Medicare and most health insurance plans, including Medicare Supplement Insurance (Medigap) policies don’t pay for this type of care, also called “custodial care.” Medicare only pays for medi- cally-necessary skilled nursing facility care or home health care if you meet certain conditions. Long-term care can be provided at home, in the community, in assisted living, or in a nursing home. It’s important to start planning for long-term care now to maintain your independence and to make sure you get the care you may need in the future. PAYING FOR LONG-TERM CARE Long-term Care Insurance – This type of private insur- ance policy can help pay for many types of long-term care, including both skilled and non-skilled (custodial) care. Long-term care insurance can vary widely. Some policies may cover only nursing home care. Others may include coverage for a range of services, like adult day care, assisted living, medical equipment, and infor- CRYSTAL CLEAR WINDOWS “JUDGE US BY THE VIEW” WINDOW CLEANING Specializing in vinyl window cleaning and repair Bill and Judy Judge <strong>Lake</strong> <strong>Fairways</strong> 29-I 978-345-8988 North Fort Myers, FL 33903 25 mal home care. Note: Long-term care insurance doesn’t replace your Medicare coverage. Your current or former employer or union may offer long-term care insurance. Current and retired Federal employees, active and retired members of the uni- formed services, and their qualified relatives can apply for coverage under the Federal Long-term Care Insur- ance Program. Personal Resources – You can use your savings to pay for long-term care. Some insurance companies let you use your life insurance policy to pay for long-term care. ASK YOUR INSURANCE AGENT HOW THIS WORKS. Other Private Options – Besides long-term care insur- ance and personal resources, you may choose to pay for long-term care through a trust or annuity. The best option for you depends on your age, health status, risk of needing long-term care, and your personal financial situation. (Taken from the 2012 Medicare & You Hand- book) I can offer many different options for covering your long-term care needs. Contact Kathy Thousand, a con- tracted, licensed insurance sales agent, at (239) 851- 7457, email me at kathy@851-7457.com, or visit my website at www.851-7457.com. Next month we’ll talk about Extra Help paying for Medicare prescription drug coverage.
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