Who pays for Long Term Care?

You are taking an important step towards securing the financial future for you and your family. Your greatest financial risk today and in the foreseeable future is not your hospital or doctor bills, but the very high cost of long term care.

It's not prudent to count on health care plans or the government. Health care plans and Medicare combined pay only about 3% of the costs of long term care. State Medicaid programs rescue only those families who descend to the poverty level. The rest comes out of pocket - nest eggs, funds earmarked for retirement, life savings - or from a long term care insurance policy.