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.
Types of long term care. There are many types of long term care available, from in-home services to 24/7 care at dedicated facilities. Long term care refers to the support and services you might need for daily living or cognitive impairments, whether it's in your home or in a facility. Long term care can be delivered in your home by: 1  Personal care assistants or companions who handle household tasks like cleaning, cooking, and running errands.