An unfortunate mistake we see is individuals and families often make is overestimating the extent of coverage health insurance plans offer. For example, a program such as Medicare, a joint federal and state program that covers low-income Americans, though income limits vary based on the state, typically Medicaid will not provide certain long term care unless you have exhausted most of your savings and other assets beyond your primary home and vehicle. If you need custodial care, such as, supervision or help with day-to-day tasks and your healthcare plan doesn't cover long-term care, you'll have to pay for it yourself.