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Long term care is a concern for most Americans. Any person could be one moment away from an injury or illness that could lead to long-term care treatment. Even if we never need long-term care, it is reasonable to believe a close family member will.

Most of us associate long-term care with a nursing home. However a considerable amount of long-term care is done in one's home. The images of Grandpa by the window sill at Cherry Acres may be part of the reason why many people do not protect against the need for long-term care outside of a nursing home? Some people are under the impression that long term care insurance is only nursing home insurance, which helps to reinforce pictures of Grandpa in the nursing home.

Long Term Care Insurance can cover the costs of a nursing home, but some policies may also cover the following:

• Assisted Living Facilities
• Adult Day Care
• Alternative Plans of Care
• Respite Care
• Hospice
• Home Care
• Home Modifications

Still, who is going to administrate and pay for the long-term care that you receive? Many people believe that Medicare will pay for this care. However, "Medicare only covers about 17.8% of nursing home costs on a national basis," according to WebMD Medical News by Patrick McCoy, CLU Legal, article 1601.50107, 1999. Also, based on your number of assets, you may not qualify for Medicaid. Generally, an individual must be financially destitute, in order to receive Medicaid benefits. Individuals should also be concern with the provider of their long-term care needs. Unfortunately, many people believe they can depend on family members to provide long-term care, but this is a big risk. Your family members may not be willing to take care of you 24 hours a day, quit their jobs, or supply you in their guest room.