Medigap Insurance - (or Medicare Supplement) Private insurance which covers some of the gaps in Medicare coverage, such as the deductibles and coinsurance. (See MediGap Insurance
Long Term Care Insurance - insurance which covers chronic care in a nursing home not covered by Medicare. Premiums may be tax-deductible and benefits may be exempt from income tax for qualified plans. Long term care insurance may be linked to Medicaid benefits in some states.
Accelerated Benefits - benefits which can be drawn out of a life insurance policy prior to death to pay for care needs.
Viatical Settlement - a cash settlement of a life insurance policy prior to death to pay for care needs.