Long-term Care Insurance or Medicaid Planning: Which One is Best to be Ready for Nursing Home Care?

Office of the Assistant Secretary for Planning and Evaluation, 70% of adults who survive to the age of 65 will have “severe” long-term service and support needs prior to their death and 48% are going to require some kind of paid care over the remainder of their lives.  Further, 15% of adults are going to spend more than two years in a nursing home.