What is coverage for extended medical care and is it really necessary?

Extended medical care coverage safeguards against the possibility that you may eventually require placement in a healthcare facility, by covering some or all of the expenses related to such care. It often extends coverage to assisted living or care within your own residence. Extended medical care coverage can serve as a valuable resource, allowing you to avoid draining your estate in order to cover the costs of healthcare facilities. The costs of nursing homes vary greatly, depending on the quality of the facility and the geographical location. On average, you can expect to pay several thousand dollars each month for satisfactory nursing home care, which can quickly deplete one’s savings.