Many people don't realize that Medicare provides very little nursing care coverage - and does not provide long term care insurance.
For long term nursing care, your options are personal finances, government programs like Medicaid, or long term care insurance. Most seniors do not have the personal finances to last long in a nursing home where the bills can be three or four thousand dollars a month. Low income programs like Medicaid will kick in, but seniors must meet asset and income requirements.
This is the official Medicare Website on Long Term Care:
http://www.medicare.gov/LongTermCare/Static/Home.asp
If long term care insurance is something you are thinking about, a quick form on this website can help you find out about rates and options:
CLICK HERE FOR LONG TERM CARE RATES OPTIONS AND TO FIND AN AGENT
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