Costs & How To Pay

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Costs & How To Pay

048_LongTermCareVideoJust as there are many kinds of long-term care services and supports, so is there a wide range of costs & how to pay for them varies between individuals. And while some people may qualify for a public program to help pay for these expenses, most people use a variety of options, including long-term care insurance, personal income and savings, life insurance, annuities and reverse mortgages to ensure they can pay for the care they require.  As our population ages, new financial products are offering yet more options.

Source: U.S. Department of Health and Human Services, “Costs & How To Pay” website. Accessed July 2, 2014.

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