Is Long Term Care Covered By Insurance?
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63333 POINTSview profilePeggy MaceMost of the U.S.Long Term Care is covered by insurance only if the person has purchased a Long Term Care policy prior to needing the care. If there is no LTC insurance plan in place, the care must be paid for by income and assets until assets are depleted to a certain level (if there is a spouse living at home, they are allowed to keep approx half of the assets owned by the couple). Then the person receiving the Long Term Care is able to apply for Medicaid, which then takes over payments of their care.Answered on July 25, 2013flag this answer
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