Which program can cover long-term care for elderly individuals?

Medicaid is the correct choice for covering long-term care for elderly individuals. This program is particularly designed to assist low-income individuals, including the elderly, who may need help with healthcare costs. Unlike Medicare, which primarily covers hospital and medical expenses for individuals aged 65 and older but does not cover long-term care, Medicaid provides a more comprehensive range of services for those requiring extended support in a nursing home or similar setting.

One of the key features of Medicaid is that it may cover not only institutional care but also home and community-based services, which are essential for elderly individuals who wish to remain in their homes as long as possible. These services can include personal care assistance, nursing services, and various therapies, making Medicaid a vital resource for long-term care.

In contrast, the other options focus on different aspects of care and financial support. Medicare is limited in its coverage of long-term care, Social Security provides income support rather than healthcare coverage, and private insurance plans can vary significantly in their coverage options, often making them less accessible or affordable for those needing extensive long-term care services.