Save enough money and you can pay for care out of your own pocket. Financial advisors recommend putting aside $500,000-$1,000,000 per spouse for future long term care expenses.
Spend all your money, become financially destitute, and Uncle Sam pays for long term care through Medicaid and Medi-Cal.
DON'T FORGET: Medicare DOES NOT PAY for long term care.
Buy long term care insurance and a deep-pocketed insurer will pay for your long term care expenses at home and in a facility.