Retirement Planning
Does Medicare cover Long Term care insurance ?
Generally not. Medicare only covers medically necessary care under Hospital Insurance Part A and medical insurance under Part B. Long-term care is custodial care given at home or in a nursing home for people with chronic disabilities or lengthy illnesses. Private insurance companies sell long-term care insurance policies. For more information on long-term care insurance speak to your local CPA or get a copy of A shopper's Guide to Long-Term Care Insurance from the National Association of Insurance Commissioners at 120 W. 12th Street, Suite 1100, Kansas City, MO 64105-1925
Need Professional Help?
If you need help with "Retirement Planning" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.