Long term care insurance is no guarantee

Medicaid does not cover long-term care facilities, so many people must tap into their savings to cover monthly bills that reach into the thousands. KFF Health News reporter Jordan Rau joins host Krys Boyd to discuss the pros and cons of long-term care insurance, what it covers and doesn’t, and why it won’t necessarily protect you from exhausting your savings. His article “Facing Financial Ruin as Costs Soar for Elder Care” was part of The New York Times “Dying Broke” series.