A New Long-Term Care Insurance Program

Most families pay scant attention to how they’re going to pay for long-term care for their elders — whether they will need help with bathing and dressing or meal preparation and medication reminders, whether they will need help at home or in a facility — until they’re face to face with the problem. Many times, surveys show, families mistakenly believe that Medicare will foot the bill. When they realize that virtually any nonmedical help beyond their own uncompensated efforts must come from their parents’ pockets, or their own, they’re prone to panic. NY Times