When planning for long-term healthcare needs, it’s important to keep in mind that:
- Medicare is not nursing home insurance and does not cover long-term care
- Private medical insurance or Medicare supplement plans do not cover maintenance care
Long-term care insurance can help manage healthcare costs and reduce the impact of inflation, while ensuring your healthcare needs, and those of loved ones, are covered well into the future. Adequate financial planning now can help prevent a lifetime of assets from falling short when you need them most.