Does Medicare pay for long-term care? Many people get it wrong — and it may cost them later

Medicare does not cover long-term care services such as nursing home care, assisted living, or in-home care beyond what is medically necessary and temporary. Medicaid, private long-term care insurance, and personal savings are the primary funding sources available to individuals who require extended care in retirement. State Medicaid programs cover long-term care for eligible individuals who meet income and asset requirements, while private insurance and personal funds are alternatives for those who do not qualify for Medicaid.

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