Most people over 65 have a chance of needing some type of long-term care support in their life.2 And contrary to what many people believe, health insurance won’t cover the cost of long-term care. Neither will Medicaid if you have more than $2,000 in assets.3 Medicare will cover some long-term care costs, but only up to 100 days. And only following a three-consecutive-day stay in a hospital, while undergoing treatment.
If you’re interested in long-term care, you may want to consider life insurance policies that let you purchase a long-term care rider at an additional cost.
 You must meet certain qualifying conditions and a waiting period before benefits will be paid.
 Most older adults are likely to need and use long-term services and supports, ASPE Issue Brief, January 2021.
 Countable assets according to Medicaid regulations; varies by state.