Imagine two neighbors, who both have Medicare health insurance. One has congestive heart failure and requires a heart transplant. The other has Alzheimer's disease and requires nursing home placement.

Medicare generally does not cover long-term care, especially when it primarily involves custodial care, which includes assistance with daily living activities like bathing and dressing. Medicare Part ...

Medicare typically doesn’t cover the costs of custodial care services like those offered by Visiting Angels. However, it may provide coverage for medically necessary skilled nursing care at home under ...

Medicare is a federal health insurance program primarily for people aged 65 and older, as well as some younger individuals with disabilities. It consists of different parts that cover hospital stays, ...

The time has come to try artificial intelligence over intuition in one critical financial decision: covering the costs of long term custodial care. With the rising costs of custodial care, any family ...

A legislative proposal, Senate Bill 9082, entitled New York Long Term Care Trust Program, was made in New York to address the issue of long-term care insurance through a mandatory payroll tax. The ...

Long-term care insurance can ensure you have the help you need for day-to-day living. There are three main types of long-term care insurance, and which one is best for you will depend on your ...

It’s overwhelming enough helping your mom get discharged from the hospital after a fall. But what if her doctor doesn’t think it’s safe for her to return home? As you scramble to find somewhere for ...

Christine Benz: Hi, I’m Christine Benz for Morningstar. Carolyn McClanahan will be joining me, along with Jean Chatzky, at the Morningstar Investment Conference in late June. We’ll be discussing ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

When the time comes to transition to nursing home care, figuring out how to pay for it is often a primary concern for families. Many people mistakenly believe Medicare will cover the entire cost of ...