medium · Certified Financial Planner Risk Management
Mr. Jablonski is evaluating a long-term care policy with a $200 daily benefit and a 3% compound inflation rider. He asks if he should rely on Medicare for his custodial nursing home care instead.
What is the most appropriate response for the planner?
- Medicare does not cover custodial care and only provides limited coverage for skilled nursing care following a hospital stay.
- Medicare Part B will cover his custodial care expenses as long as he is enrolled in a Medicare Advantage plan. under the facts given in the stem
- Medicare will cover the first 100 days of custodial care in full before the LTC policy must take over.
- He should rely on Medicare for the first 20 days and then use the LTC policy for the remaining costs.
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