Long-Term Care Insurance Basics
Most people will need long-term care at some point in their lives. The care may be provided at home or in a facility.
If you need to pay for care in the future, how will you cover the cost?
- If you have a low income and have spent down your assets, Medicaid (MaineCare) may pay for your care.
- If you have assets to protect, you may want to consider buying a long-term care policy. Or, you may decide to pay for your care, if and when it's needed, with your savings and assets.
Browse this section of the Bureau's website and use the following to find out more about long-term care planning and insurance:
- The Bureau's Consumer Guide to Long-Term Care Insurance
- The Bureau's Long-Term Care FAQs
- The Bureau's Long-Term Care Forum Presentations and Statements (May 9, 2016)
- U.S. Health and Human Services Long-Term Care Website
- The NAIC's Long-Term Care Insurance Section
- A reputable agent knowledgeable about long-term care insurance.