Fact: Coverage is limited to 100 days and custodial care is not included.
Myth: May only need a short period of care.
Fact: Nursing home average stay is 875 days (excluding home care).
Myth: Only older people need long term care.
Fact: Almost 40% of those receiving care are under 65.
Myth: Medicaid will pay for long term care expenses.
Fact: Income and assets determine eligibility, limited services.
Myth: I have to go to a nursing home if I need care.
Fact: Home care and assisted living is covered by LTC insurance.
Myth: Long term care insurance is expensive.
Fact: Premiums are based on your age and the benefits you choose.
Myth: I can wait to insure since I'm only (40, 50, 60, 70...)
Fact: It will cost more if you wait and you may not health qualify later.