Long-term care · CLTC guidance
Plan for the help you may need with daily life—and understand the limits of your health coverage.
Ongoing daily assistance
Help with activities such as bathing, dressing or eating can take place at home, in assisted living or in a nursing home. Medicare and Medigap do not pay for ongoing custodial long-term care.
Medicare.gov: long-term careLimited, qualifying coverage
Medicare may cover eligible skilled nursing facility care for a limited period, subject to its requirements. Certain home health services may also qualify. This is not ongoing coverage simply because someone needs daily assistance.
Medicare.gov: skilled nursing coverageSteve’s CLTC designation reflects a focus on planning for long-term care: who might provide care, where you would prefer to receive it and how the costs could affect your family.
The conversation begins with those practical questions, then considers whether insurance belongs in your plan.
A dedicated policy may help pay for eligible long-term care services. Review benefit triggers, covered settings, waiting periods, benefit limits and inflation protection. Premiums may increase.
Some life insurance policies include long-term care benefits or linked benefits. Using care benefits can reduce the death benefit. Costs, guarantees and eligibility differ by policy.
Discuss resources, caregiving preferences and family responsibilities. Medicaid eligibility is a separate, means-tested matter; consult appropriate advisers for legal and eligibility planning.
LTC insurance is subject to underwriting, availability, exclusions and policy terms. A policy may not cover every service or the full cost of care. The ability to qualify and the cost of coverage can depend on when you apply.
Explore New York’s LTC insurance informationTell Steve what you need help with. We’ll work through the next steps together.
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