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MISCONCEPTIONS

IMPORTANT DOCUMENTS

SOURCE OF SAVINGS

INSURANCE

HEALTH INSURANCE

LIFE INSURANCE

TERM INSURANCE

UNIVERSAL LIFE INSURANCE

WHOLE LIFE

VARIABLE LIFE

LONG TERM CARE INSURANCE

COBRA

DISABILITY INSURANCE

SUPPLEMENTAL INSURANCE

LOAN OPTIONS

CONCLUSION

INSURANCE

lady holding dog  Medicare does not pay for extended long-term care services such as adult day care or assisted living. Medicaid on the other hand will pay for nursing home care only after an individual has spent nearly all his or her savings. The Administration on Aging notes "retirement accounts such as 401(k)s do not yield enough money to pay for assisted living services, which often are needed for many years and can run into the tens or hundreds of thousands of dollars."

  Long term care is a difficult topic to understand. For many it is also a painful subject that most would prefer not to think about, either for their parents or themselves.

 

 

 

 

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Uatpat.org - The Utah Assistive Technology Program is designed to help you know what assistive technology is available, how to get funding for assistive technology, and to provide you with links and resources.