Why should I think about long-term care while planning for Medicare?

Answer:

Preparing for Medicare protects your access to health insurance, but it doesn't address one of retirement's largest financial risks: the cost of extended long-term care. Medicare generally doesn't pay for ongoing custodial care provided at home, in assisted living, memory care, or nursing homes. Understanding how you'll pay for those services before you retire can help protect your savings, preserve more choices about where you receive care, and reduce the financial burden on your family.