You can’t afford NOT to have both a Medicare supplement AND Long Term Care Insurance. The supplement is essential because there is so much traditional Medicare doesn’t cover — copays, being the most expensive. AND you need Medicare Part D — for prescription drugs. That’s required. But Medicare does not cover long term custodial care — only 60 days in skilled nursing facility, and only after a hospitalization. The costs of needing custodial care will wipe out your assets — leaving little for a surviving spouse. I’m writing a new edition of The Savage Truth, and just finished that chapter. I will turn it into a column very soon. In the meantime, read my most recent article about LTCI.
For pricing, contact MAGA LTC in suburban Chicago and ask for Brian Gordon — 800-533-6242. They are my trusted experts.