“A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. Short-term care insurance provides coverage for nursing home or home care for one year or less. As long-term care premiums rise, short-term care insurance is gaining in popularity. This type of insurance is generally cheaper than its long-term care counterpart because it covers less time. Purchasers can choose the length of coverage they want, up to one year. According to the American Association for Long-Term Care Insurance a typical premium for a 65-year-old is $105 a month.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The Medicaid planners at ElderLawAnswers endorse short-term care insurance. Will wonders never cease?
Short-Term Care Insurance: An Alternative to the Long-Term Care Variety