Health can change even for a reality TV star Kim Kardashian. The impact of changing health can dramatically impact family and finances unless you have an advance plan. Often this includes affordable Long-Term Care Insurance.
A study shows Long-Term Care Insurance premiums can vary as much as 100% or more from one company to another. As you plan for the financial costs and burdens of aging before you retire be sure to shop for the most affordable coverage.
Be cautious of schemes that would allow you to hide or give-away assets in order to qualify for Medicaid’s long-term care benefit. Federal law provides middle and upper-middle class families to way to protect savings and provide for quality care.