So, it would be a bit unfair to compare $VaR_\alpha$ estimated in 80s with what is going on right now. $VaR_\alpha$ assumes that the distribution of returns is normal. Not most beautiful assumption but the most straightforward to compute $VaR_\alpha$.
How often is it covered? Long-term care is a range of services and support for your personal care needs. Most long-term care isn't medical care, but rather help with basic personal tasks of everyday life, sometimes called activities of daily living. Medicare doesnât cover long-term care (also called custodial care), if that's the only care you need. Most nursing home care is custodial care.
Long-term care insurance (LTCI) generally pays a specific dollar amount per day for a set period of time for whatever type of long-term care is outlined in the policy.For example: 1  Most of the policy benefits are triggered by physical or mental impairments designated in the policy.hy you need to be prepared for long-term health care. If you ever need long-term care, Medicaid covers only some of its costs. HMOs, Medicare and Medigap will not cover every health care expense either. As a result, out-of-pocket costs for long-term care could significantly impact your life savings.