Medicare

How does Medicare affect my estate planning if I need long-term care?

Medicare provides limited long-term care coverage, typically only short-term skilled nursing after a hospital stay. Since Medicare doesn't cover most long-term care costs like assisted living or extended nursing home stays, many families plan for these expenses through long-term care insurance, health savings accounts, or setting aside assets specifically for healthcare needs. Understanding Medicare's gaps helps you create a more comprehensive estate plan that protects your assets while ensuring quality care.