Last column I explained the options to pay for long term care are limited. Adding to the problem is a significant amount of incorrect information about what those options are. For example, many seniors erroneously believe Medicare will pay long term care costs. This is not correct.
On the other hand, upon meeting certain conditions, Medicaid will pay for long term care. I understand why people confuse the two. Not only do the terms sounds similar but, in some cases, Medicare provides assistance for some of the same types of health issues as Medicaid.