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Be Well: Medicaid 'spend down' strategy can cover high long-term care costs. But do not go it alone

The U. S. Department of Health and Human Services estimates that more than half people over age 65 will need help with daily activities such as bathing, dressing or eating at some point, either for an extended period or the rest of their lives. Some research suggests that share may be as high as two-thirds. Yet relatively few older Americans have private long-term care coverage. AHIP, a trade association representing the U. S. health insurance industry, estimates that only 3% to 4% of over 50...

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