How is Medi-Cal different from Long-Term Care Insurance?
Answer:
Medi-Cal is a means-tested government health program with financial and medical eligibility requirements. Long-Term Care Insurance is private insurance generally purchased before extended care is needed and is medically underwritten when someone applies.
Once a Long-Term Care Insurance policy is in force, eligibility for benefits is based on the policy's contractual benefit triggers rather than the insured's income or savings.