A Medigap policy, also known as a Medicare Supplement policy is exactly that. It pays for many of the bills left over after Medicare has paid their share. However, they don't normally pay anything if Medicare doesn't pay first. Some Medigap plans also have some long term care benefits added. You should check with an insurance broker for your state to see what is offered where you are.
Medicare only pays for a certain number of days in long-term care. Once those days are up, you are responsible for the rest of the bills. Long term care insurance is used to pay for this sort of situation. Normally, it will start paying a set number of days after you begin to need long term care, and continues until you have used up the money in the plan.
Medicare and Medigap pay for the first part of your long term care, then LTC insurance takes over.
Medicare does not cover long term care. Medicare Part A will cover up to 100 days in a Skilled Nursing Facility but remember the goal of Skilled Nursing Care is to get you better so you can come home. Most people admitted into a Skilled Nursing Facility will not stay close to 100 days. Medicare does provide limited benefits for Home Health Care if your doctor orders it but it will not be sufficient if you need assistance with activities of daily living.
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Medicare only pays for a certain number of days in long-term care. Once those days are up, you are responsible for the rest of the bills. Long term care insurance is used to pay for this sort of situation. Normally, it will start paying a set number of days after you begin to need long term care, and continues until you have used up the money in the plan.
Medicare and Medigap pay for the first part of your long term care, then LTC insurance takes over.