The article highlights the critical issue of long-term care, emphasizing that many older adults and individuals with disabilities require ongoing assistance for daily tasks. It dispels common misconceptions about Medicare, clarifying that it does not cover custodial long-term care, which often leads to confusion among seniors. With statistics suggesting that 70% of those reaching 65 will need long-term care, the article urges readers to consider Medicaid and other savings options, such as Health Savings Accounts (HSAs), to prepare for potential costs that Medicare will not cover.
Medicare does not cover custodial long-term care; it only covers hospital stays and limited rehabilitation, leaving a significant gap for many needing ongoing assistance.
With 7 in 10 people turning 65 needing long-term care, misconceptions about Medicare coverage highlight the urgency for better planning and awareness of alternative support options.
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