Money & Policy

What Questions Do You Have About Paying for Long-Term Care?

Submit your questions about Medicare, Medicaid and long-term care

The cost of long-term care is mind-numbing. According to the recent 2017 Genworth Cost of Care Report, the median annual cost of a private room in a nursing home is $97,455 (up 50 percent since 2004. Hiring a home health aide runs about $49,000 a year. You may be wondering whether Medicare or Medicaid will help cover the bills if you or a loved one will need this kind of care.

The reality is that it’s complicated. No wonder that two-thirds of Americans Genworth surveyed were confused about federal coverage of long-term care costs. But the topic is a vital one: 70 percent of people 65 and older will need some kind of long-term care eventually.

So send us the questions you have regarding Medicare, Medicaid and long-term care costs (you can do so below). We’ll read all the questions we receive and then, in an upcoming article, answer the most popular concerns. Thanks.

Richard Eisenberg
By Richard Eisenberg
Richard Eisenberg is the Senior Web Editor of the Money & Security and Work & Purpose channels of Next Avenue and Managing Editor for the site. He is the author of How to Avoid a Mid-Life Financial Crisis and has been a personal finance editor at Money, Yahoo, Good Housekeeping, and CBS MoneyWatch.@richeis315

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