Long-Term Care: How to Plan & Pay for It *Kindle
Get the best care, in the right place, at the right price To find the right kind of long-term care, you may need to make difficult personal, medical, and financial decisions during emotionally tough times. Long-Term Care helps you and your family understand the range of available choices. Even more important, it guides you toward the best care you can afford. You’ll learn how to: explore your options for home care, assisted living, and nursing homes get the most out of Medicaid, Medicare, and veterans’ programs evaluate whether long-term care insurance is worth the significant expense consider the special needs of loved ones with dementia or Alzheimer’s, and protect your loved ones from elder fraud. The 13th edition is completely updated with the latest long-term care costs, Medicaid rules, and resources. Read more
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Why Must Read Long-Term Care: How to Plan & Pay for It?
We bought this latest version after finding an earlier version, hoping that it would answer some of our current questions. It is a good source for many questions you might have, although somewhat repetitious. For us, we didn't get answers to our questions about asset-funded long-term care policies. An agent has been trying to sell us this newer option. We are in our 70s and never contributed to a LTC policy when rates were tolerable. Now with encroaching health issues, we find the examples and issues around LTC products in this book don't really work for us. Should we take money from our 401K to buy an annuity to fund LTC? This is a rapidly-changing area as the population ages. Retirement communities also now offer packages to help with the move, getting rid of possessions, and selling your house. Hard to sort out all the options objectively.
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