| Won't
someone else pay if I need long term care?
Marlene
S. Stum, Ph.D. Family Social Science
There
is no comprehensive government program in the
United States for financing long term care.
In
the US, long term care is financed through a patchwork
of public programs (predominately Medicaid and
Medicare), out-of-pockets payment by individuals
and families, private insurance and other private
sources. To get an idea of the breakdown of who's
paying for long term care, consider the following
graph that shows the percentage of expenditures
for nursing home and home health care by source
of payment.
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