Long term care (LTC) can be very expensive.  Many people in Milwaukee have a misunderstanding as to who pays for long term care when such resources are needed. They are surprised to learn that Medicare and most health insurance plans, including Medigap policies, do not cover long-term care.

Families and friends provide the bulk of long term care financing, either through out-of-pocket payments or the unpaid (donated) services they perform for their loved ones.  In 2004, these out-of-pocket payments and unpaid (donated) services totaled over $120.5 Billion.

Who Pays for Long Term Care?

Source:  U.S. Congressional Budget Office. (April 27, 2005). The Cost and Financing of Long-Term Care Services. D.Hotz-Easkin, testimony before Subcommittee on Health, U.S. House of Representatives.