Will Medicare Cover Long Term Care Issues Caused By COVID-19?

Morning, Toni:

I read your recent article about COVID-19 and Medicare and recently my husband has contacted this terrible virus. He has been in ICU due to his delicate health issues because he is an insulin-dependent diabetic with heart issues. Doctor’s are suggesting that he may need 24-hour care since his lungs are failing.

I am concerned that his current health issues may wipe out our retirement,401K, or savings if a long-term care need arises.

Can you please explain how Medicare covers a long-term care issue such as one that my husband has and what will happen if 24-hour care is needed? Thanks, Paula from Sugar Land.

Paula:

Baby Boomers and retirees are concerned about a prolonged illness or chronic conditions such as COVID-19 being one of their biggest retirement expenses, if not planned properly.