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Benefits At Work

Long Term Care Insurance

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More employers are including Long Term Care Insurance in their benefits package on an elective basis, either as part of a Cafeteria Plan or as individual coverage paid by payroll deduction.

If your condition is such that it could lead to full-time care in an assisted living facility or in a nursing home, this insurance can be as important as health insurance.

Care in a nursing home that is not geared toward curing you is called "Custodial Care." Health plans and Medicare don't cover it. Other than long term care insurance, the only source of coverage for custodial care is Medicaid which can require you to first use up most of your assets and income.

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Medicaid Long Term Care Insurance Cafeteria Plan

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