Long-Term Care Basics
Long-Term Care is expensive and is often misunderstood, which is why it's the leading cause of bankruptcy among seniors during retirement. Because people are living longer, it's a matter of WHEN you might need long-term care, not IF you might need it.
The reason why many families face financial ruin is because they fail to plan properly. They mistakenly believe that health insurance and government programs (such as Medicare and Medicaid) will cover their long-term care needs.
Below are articles to help you learn more about long-term care and how you can begin planning for it. See why long-term care is so expensive, why health insurance policies won't cover it, how Medicare and Medicaid forces "spend-down" of your assets, and why the Affordable Care Act (Obamacare) offers no solution to rising costs.