Over the past couple weeks, I have asked various AI tools to share what a consumer might find if they enter the prompt “what is the best strategy to fund a long-term care event”.  Each one has provided a different response.  Today, I asked Copilot the same question and here is what it says.

“The best strategy to fund a long‑term care event is to build a layered, multi‑source plan rather than relying on a single solution. Long‑term care needs are unpredictable in both timing and duration, so the strongest approach blends insurance, personal assets, and public benefits to create flexibility and financial protection.

A core component for many people is long‑term care insurance or a hybrid life/LTC policy, which transfers a large portion of the financial risk to an insurer. These policies can cover home care, assisted living, or nursing home care and help preserve savings. Hybrid policies have become especially popular because they provide benefits even if care is never needed. For households with moderate to high assets, this is often the most efficient way to cap exposure to rising care costs.

Personal savings and investments typically serve as the second layer. They can cover early years of care, pay for services not covered by insurance, or bridge gaps between policy limits and actual costs. This approach works best when paired with insurance, because relying solely on savings exposes you to market volatility and the possibility of needing care for many years.

For homeowners, home equity is a major funding source. A reverse mortgage, selling the home, or renting it out can generate substantial cash flow to support care needs. This is especially valuable for people who prefer to age in place or who have most of their wealth tied up in their home.

As a final safety net, Medicaid provides long‑term care coverage once assets are spent down to eligibility levels. It is the largest payer of long‑term care in the U.S., but it comes with strict financial rules and limited facility choice. Early planning with an elder law attorney can help protect certain assets while preparing for potential Medicaid use.

Veterans may also qualify for VA Aid & Attendance, a monthly benefit that can significantly offset care costs. This is an important but often overlooked resource for eligible individuals.

In practice, the most resilient strategy combines insurance, savings, and home equity, with Medicaid reserved as a last‑resort safety net. This layered approach protects assets, expands care options, and ensures you have multiple pathways to fund care no matter how circumstances evolve.”

As you can see over the past 3 weeks, asset-based (hybrid LTC in their words) is a recommended method for funding a long-term care event.  The one thing that I like about Gemini’s response is that it prioritizes the insured solution over the other particularly the self-funding strategies.

Remember this – no one strategy is right for everyone.  And, the Care Solutions portfolio offers more flexibility than our peers combined.  To learn more about the products, contact Kelley Hilliard at (844) 623-2451 or via email at kelleyhilliard.isp@oneamerica.com