How Much Insurance Is Needed to Help Cover Long-Term Care? Wall Street Journal (01/29/02) Vol. 30, No. 2 p.C1; Clements, Jonathan
Long-term care insurance has become a hot commodity, and can help the insured cover nursing home and home-care costs. Experts suggest that those without significant assets will be eligible for federal assistance, and those with significant assets should have sufficient funds to cover long-term care costs. Long-term care insurance should only pay for the costs that individuals cannot afford on their own, and should only last as long as the policy is needed--between one and five years.