10 Alternate Ways to Pay for Long-Term Care

10 Alternate Ways to Pay for Long-Term Care

Don't count on Medicare to pay for nursing home, assisted living or ongoing home health care. Medicare benefits for that type of care are typically only available after a hospitalization or injury and for a limited duration. While Medicare isn't an option, here are 10 alternatives that are:

• Group Long-Term Care Insurance

• Short-Term Care Insurance

• Life/Long-Term Care Insurance

• Health Savings Accounts

• Long-Term Care Annuities

• Life Plan Communities

• Veterans Benefits

• Home Equity

• Pensions or Social Security

• Medicaid

 Source: https://money.usnews.com/money/personal-finance/family-finance/articles/the-high-cost-of-long-term-care-insurance-and-what-to-use-instead