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Guarding Your Gold, A Consumer's Guide A common misconception about Medicare is the belief that it will pay for most of your health care needs. It doesn't. If you or a family member need long-term care at home or in a nursing home, Medicare's coverage of services is very limited. It pays nothing for assisted living or adult daycare. What it does cover for long-term care services has expensive gaps, especially for "custodial care," the type of care you may need most. Long-term care insurance can be used to supplement the limited coverage, but it can be costly. What should you do? Guarding Your Gold, A Consumer's Guide, $19.95, by Ronald J. Iverson takes an in-depth look at how long-term care insurance can help you meet the costs of long-term care while protecting your life savings. You'll learn: 1. Whether long-term care insurance is the right choice for you. 2. The basic features of long-term care policies that need to be covered by any policy you buy. 3. Additional valuable features that may provide valuable extra coverage for the price when comparing policies. 4. How to determine if your long-term care insurance company will be there to pay benefits. Guarding Your Gold has work sheets to help you compare policies and companies and helps you understand how Social Security, Medicare, and Medicaid benefits fit in-and even more importantly, where they don't. To order contact: "Guarding Your Gold," Distributor, Box 4459, Helena, MT 59604, (800) 231-4442 (guardingyourgold.com). This article first appeared in Volume 5, Issue 4 of "The Social Security and Medicare Advisor" newsletter (March/2000). To receive future editions of "The Advisor" in its special, free e-mail version, please click here. | ||||||||
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