Funding Long-Term Care Costs

For many people, funding long-term care services will have to come from personal savings and personal assets, either because they did not purchase a long-term care policy, or they do not qualify (or want to qualify) for Medicaid. Financing LTC costs is not limited to the purchase of insurance or reliance on Medicaid. There are many other options. These include the following:

  • current savings and investments
  • home equity and a reverse mortgage
  • annuities
  • life insurance
  • health savings accounts (HSAs)

To read the full discussion on how these resources and options can be used
to meet long-term care expenses and when they may–and may not-be viable
alternatives to purchasing long-term care insurance, visit the full cited article: Alternatives to Buying Long-Term Care Insurance

Learn more about funding alternatives to Long-Term Care Insurance. Talk to an expert today, schedule a call:

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