Health Care Costs for Retirees

Health Care Costs for Retirees

How much should retirees expect to spend on health care throughout the rest of their lives? Estimates vary, ranging from about $250,000 a couple to $500,000, depending on longevity, health status and location. Some are even higher after including nursing home costs, but those costs will depend in part on a couple’s long-term care insurance — whether either or both members have it and exactly what their policies cover. READ MORE >>

How Long Term Care Insurance Works for Successful People

How Long Term Care Insurance Works for Successful People

So the familiar story goes, ‘I have enough money. I don’t need Long Term Care Insurance’.
If you have that kind of money, you got it by being smart with your assets, right? Congratulations.
Here is a little quiz: If you knew if there is a 70% chance that you are going to need help with bathing, dressing, meal preparation and other activities of daily living, you probably assume that you will pay those bills out of pocket, right? READ MORE >>

Costs of Care

Costs of Care

The perception that the cost of long term care is so outrageous that it is easy to dismiss it. Besides, the government has a safety net plan, right? Like any other big expense, you need to be educated and have a plan, much like you do with children’s education, saving for retirement and buying a house. Most everybody knows somebody who has had to deal with it for themselves or parents. Unprepared people experience sticker shock once they are in crises. READ MORE >>

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