Elder Law
Who Pays for Long-Term Care?
January 1, 2023
Industry surveys consistently show that roughly 70% of Americans over 65 will need some form of long-term care. Fewer than one in three families has a plan for how that care will be funded.
The realistic options are private pay, long-term care insurance, Medicaid, and — for eligible veterans — VA benefits. Medicare, contrary to popular belief, is not a long-term care program. Elder law planning is the process of matching those funding sources to your family's situation before a crisis forces the answer.
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