It can pay for long-term care services in your home, in an assisted living facility and nursing home. While Medicare provides health insurance to most Americans age 65 and above, it provides for very little long-term care. Long-term care is limited to 100 days in a skilled nursing facility. Medicaid Medicaid, which was established as a health care safety net for the poor, has become the long-term care insurance of the middle class. It is the major source for long-term care services in the United States.
Most states have programs that cover nursing home as well as in-home care.
Living Will A living will is a document in which you state that you do not wish to receive lifeprolonging treatment in the event you suffer a terminal illness and becomes incompetent to make health care decisions. An ordinary or general power of attorney is good only as long as the principal is mentally alert. A durable power of attorney is a special kind of power of authority that continues to operate even after the principal becomes incompetent. A Durable Power of Attorney that covers financial matters would allow the agent to pay bill, access accounts and generally manage anothers property. A durable power of attorney for health care gives the agent the power to make health care decisions on be-half of the principal in the event that the principal becomes unable to do so.