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Medicare & Long-Term care

Plan for Your Care

As you age, living comfortably after retirement isn’t just about financial planning. It also entails planning for care if you fall ill or find it challenging to manage daily routines without assistance. Medicare and long-term care insurance can give you peace of mind, knowing that when you need help, you are covered.

What Does Medicare Cover?

Medicare is a government-sponsored healthcare insurance program for people 65 and older and individuals of any age with qualifying conditions. There are four parts to Medicare:

  • Part A: Hospital insurance covers inpatient hospital care, skilled nursing facility care, home healthcare and hospice care.
  • Part B: Medicare Part B is medical insurance covering medically necessary services, equipment, and preventative care.
  • Part C: Medicare Part C is Medicare Advantage, a government-endorsed program run by private insurers. It covers services provided in Original Medicare, and many providers offer additional benefits, including prescription drugs and vision and hearing.
  • Part D: Medicare Part D is prescription drug coverage.

Medicare does not cover long-term care, such as custodial care or meal assistance.

What Is Long-Term Care Insurance?

Long-term care insurance provides coverage for custodial and personal care, such as eating, dressing and bathing when you require daily help with these tasks. Policies vary in coverage options but most limit how much they pay.

LaPorte Financial is here to assist you in determining how much and what coverage is right for you. We’re here to help make your life easier for the rest of your life. Get in touch today to find out what we can do for you.

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