LONG TERM CARE SOLUTIONS – What should you know about them?

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Long-term care refers to a variety of medical and social service choices available to meet the needs and compensate for the functional disabilities of the elderly who can no longer function independently.  These choices consist of complex and diverse programs and services that continue to develop as the demographics of the world population change. In the US, the aging of the population and the forecasted number of people likely requiring long-term care cannot be understated. So, this Thursday, my guest, Eric Dudley, an experienced financial adviser, specializing in retirement planning will help us navigate through the Long-Term Care solutions.

Here are some HIGHLIGHTS from this episode.

 02:16 What is long-term care?

07:13 How can seniors and their families afford to pay for long term care when they need it?

08:16 Medicare supplemental insurance

09:23 Medicaid

10:48 Long Term Care Insurance

13:50 Long Term Care Insurance additional features

15:28 The cost of long-term care

19:21 Medicare/Medicaid

20:42 The role of the family as it relates to long-term care

22:06 My advice to you

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