The days of one-size-fits-all nursing home care are long gone, and today’s retirees have access to a wide range of long-term care options.
In-Home Care: A growing number of Americans have elected to “age in place” with support at home either from paid caregivers or family members. Depending on the specific nature of the services provided, this type of care may or may not qualify as long-term care for insurance purposes.
Nursing Homes: People go to nursing homes for many different reasons -- maybe they’re sick or hurt, they’ve had surgery and need to get better, or they have chronic disabilities that require ongoing care. If you are eligible for Medicare, your policy will pay for up to 100 days at a skilled care or nursing home for rehab.
Assisted Living Facilities: Assisted living facilities are designed for senior citizens who need some assistance with daily activities but do not require the same level of medical care that a nursing home would provide. These facilities can offer help basic care like taking medicine, using eye drops, getting to appointments and preparing meals. The cost of assisted living facilities are predominantly paid out-of-pocket, and these facilities do not provide medical care, as defined by state law.