Since Medicare is designed to help seniors address medical costs that they will invariably face, you would assume that it is set up to assist with long-term care expenses. The United States Department of Health and Human Services states that seven out of every 10 seniors will someday need living assistance, so this is a likelihood for most of us. Whether it makes sense or not, Medicare does not pay for long-term care, because it is considered to be custodial care. The program will pay for convalescent care after an injury or illness, but it does not pay for custodial care, which is the type of care that you would receive in a nursing home or assisted living community.
Topics covered in this report include:
- Long-Term Care