You may have heard a friend, family member or neighbor tell a story about an elderly relative that had ‚Äúall their money taken by a nursing home‚Äù or ‚Äúthe state took all their money when they went into the nursing home‚Äù.¬† This is another one of those myths regarding coverage of long term care, like […]
Tag: nursing care
Medicare Myths
According to a study done by Prudential in 2009 37% of people think that Medicare will cover their long-term care costs. This is false. Medicare does not pay for long-term care. Medicare is also not free, there is a monthly premium associated with Medicare Part B.