Story on Financial Planning website explains the high cost of Long Term Health Care even when provided free by family members an AARP report shows.
But few people make preparations for dealing with and paying for Long Term Health Care. This inevitable part of life that can drain a family both emotionally and financially. Long-Term Care Insurance can make getting older easier on family and finances.
The cost of Long Term Health Care is very high. Retirement planning experts say Long-Term Care Insurance should be part of your retirement plan.
Many Baby-Boomers are now taking care of a parent as well as their own career and family responsibilities.
This is an op-ed from a retired college professor who talks about his first-hand experience with his wife's Long-Term Care. He shares how their LTC policy helped his family.
You’re divorced, now what? While long-term care planning is always a key part of retirement planning it becomes essential after divorce. Affordable LTC insurance needs to be part of the plan. Remarriage? Yes, still essential.
People plan for future retirements but too often costs of Long Term Health Care are not considered. Some think it will never happen to them and some think health insurance or the government will pay.
Survey shows few people are “very or extremely confident” in their ability to pay for ongoing Long Term Health Care. Reason for people to include affordable Long-Term Care Insurance as part of their retirement plan.
It is common for adult children to be their parent's caregivers. This support comes with a price. Making smart planning moves will help older parents. Advance planning for long-term care is essential to retirement planning.