Yes and no. Long-term care is custodial care. Original Medicare, Medicare supplements and other health insurance plans are designed to pay for curative treatments or short-term skilled rehabilitation services.
Original Medicare may cover up to 100 days of long-term care if specific requirements are met, which include being admitted to a hospital and requiring skilled care daily. Claims history indicates that Medicare pays for 22 days on average.
Medicare Advantage plans have the option to cover some home safety improvements and assistance with daily activities if health-related. Few insurers have included these options, which can change annually.
Many people mistakenly think their disability insurance pays for long-term care. It does not. Disability insurance is designed to replace your income. It does not cover long-term care expenses.
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