At the same time, the cost of modern medical care has steadily increased. A serious illness or injury, particularly those requiring some of the newer and more costly health care services, could spell financial ruin if there is little or no medical protection. There are major medical plans which will keep pace with the advances and associated costs of health care. The plans are specifically designed for maximum flexibility, offering varying levels of initial protection, and unlimited maximum benefits for most expenses. Long-Term Care Insurance.
Insurance policies covering long term care services are a new form of insurance.
All long-term care policies place certain limits on benefits and may exclude certain benefits completely. If a long term care policy does not specifically state that it covers Alzheimer's disease, you should request a written assurance from the insurance company that the policy covers Alzheimer's disease. There are other major concerns when reviewing a long term care policy, and professional guidance should be obtained. Medicare is a Federal health insurance program designed for those age 65 or older. It consists of Part A, hospital insurance, which covers inpatient hospital care and certain follow-up care, and Part B, medical insurance, which covers physician services and other services not included in hospital insurance.