Financial Security in Later Life

 

     
 

Percentage of Expenditures for Nursing Home and
Home Health Care, by Source of Payment, 1999

Source: US General Accounting Office (2001). Long Term Care: Baby Boom Generation Increases Challenge of Financing Needed Services. GAO-01-563T.

Medicare does not pay for long term care.

Most people incorrectly assume that Medicare pays for long term care. In reality, Medicare pays only for short-term skilled care in nursing facilities after hospitalization and limited skilled care at

 

 

Department of
Family Social Science

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