034 – Payor Sources for Long Term Care

There are many sources available to pay for your elderly loved one’s long term care.  They include:

  • Medicare
  • VA Benefits
  • Long Term Care Insurance
  • Grants and Programs
  • Private Pay
  • Medicaid

The two main payor sources are private pay funds (think income and money in the bank) and Medicaid.  Everything else offsets the cost of care but doesn’t usually pay for everything (although long term care insurance can go a long way depending on the policy benefits).  Listen to the podcast to learn more.

Thanks so much and I will talk to you soon.

Casey