Although many Americans have purchased insurance for long-term care, other options may be available. This article explores nursing home costs, sources of payment, and insurance coverage available. Other options which might be investigated include Health Savings Accounts, Veteran's Administration benefits, adding a long-term care rider to an existing policy, selling a currently held life insurance policy, and a reverse mortgage on a home.
Knueppel, Richard W.
"Counseling Clients About Long-Term Care Expense: What Are The Alternatives?,"
Marquette Elder's Advisor:
1, Article 8.
Available at: http://scholarship.law.marquette.edu/elders/vol6/iss1/8