Long Term Care

No one wants to think about needing long term care, but research suggests that at least 52% of people turning 65 today will need it at some point.

And, that care can be incredibly expensive.

Long term care insurance is one way to cover a possible long term care need. But, the insurance itself is expensive and confusing and you do have other options.

Explore alternatives to long term care, the pros and cons of coverage, and more.

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costs of long term care

The Actual Costs of Long Term Health Care

If you are misinformed about long term health care costs, you might not get the care you want. Find out how much it costs and how to pay for it.

January 25, 2024
alternatives to long term care insurance

11 Alternatives to Long Term Care Insurance

You need a plan for dealing with long term care costs. Luckily there are some great alternatives to long term care insurance.

September 28, 2023
long term care and medicaid

9 Surprising (Sometimes Unsavory) Secrets About Long-Term Care, Medicaid, and Your Retirement

Here are 9 things you might not know about Medicaid and long term care, and the chances you’ll be on the program in retirement.

September 26, 2023
how much does long term care insurance cost

How Much Does Long Term Care Insurance Cost? Is It Worth It?

Find real answers about long term care insurance costs, what to look out for and who benefits. Plus, alternative ways to cover these costs.

October 11, 2021

How to Deal with Dementia or Alzheimer’s: 5 Retirement Financial Planning Steps

More than 5.5 million people have Alzheimer’s today, and as the baby boomers age, by 2050 that number is projected to triple. Additional research from the Alzheimer’s Association shows that last year millions of family and friends provided 17.7 billion hours of unpaid care — care valued at $220.2 billion — to loved ones with…

March 31, 2021
retiring to a holiday inn

Hotels, Cruises and Communes! Unexpected Ways to Afford a Little Help as You Age

Most of us are going to need some extra support as we age. Cooking, cleaning, running errands and more are called “activities of daily living” and it can be nice to get help with these tasks as you age. Is retiring to a Holiday Inn the answer? Living independently can be extremely difficult as we…

March 22, 2021

Long Term Care: Avoid the Pike Syndrome, Look the Problem in the Face and Make a Plan

No one wants to think about needing long term care. And, figuring out how you are going to pay for it (if you are among the potentially 70% who will require it) isn’t fun.  Of course you hope you’ll be in the 30%! Darol Tuttle is an accomplished attorney with over 23 years experience in…

January 12, 2021
is long term care insurance worth it

Is Long Term Care Insurance Worth It? Explore the Pros and Cons

There is no right answer for whether to purchase long-term care insurance. In fact, long term care insurance pros and cons are pretty balanced. Many people opt not to purchase it because it costs too much or they simply don’t know enough about it. While others want to assurances that they will be taken care…

January 10, 2021

7 Ways to Plan for Long-Term Care Costs in Your State

You might not like the idea.  You might try to deny the idea.  You might convince yourself that you will be the lucky one to stay healthy until your last day. However, at least 70 percent of people over age 65 will require some form of long-term care services and support during their lives, new research shows.…

July 3, 2020

Say ‘Ahh’: Most Would Rather Visit the Dentist than Talk About Long-Term Care Planning

Managing your finances shouldn’t be like pulling teeth. But it might as well be for the proportion of Americans who say they would rather go to the dentist than talk about their long-term care planning and aging needs. Such was the response from 45% of adults surveyed by the AARP in a 2018 study designed…

June 2, 2020
asset protection trust

Is an Asset Protection Trust the Right Solution to Your Long Term Care Riddle?

Asset protection trusts are one way to cover long term care costs. However, there are big disadvantages. Learn more and discover alternatives.

April 30, 2020
long term care

Planning for Long Term Care: An Important Part of Being Prepared for Retirement

Dementia. Stroke. Alzheimer’s disease. The prevalence of these health events is a big reason why you need to make planning for long term care an important part of your retirement planning. Will you need to give care? Will you need care? What is Long Term Care? Older Americans continue to be in the dark when…

August 7, 2019
CCRC continuing care retirement community

55+ Communities: What Are Continuing Care Retirement Communities?

The decision to relocate in retirement is huge — especially since you literally have a world of options. You can retire anywhere and into a wide variety of housing types. Live and travel in an RV. Buy a big beach side home. Relocate abroad to financial or lifestyle reasons. Downsize to a small apartment. Buy…

February 7, 2019

Retirement Expert: Carol Marak About Assisted Living Options

Trusting your family to an assisted living facility can be a huge decision! How can you be sure that they’ll get the care they deserve? Take it from someone who has been there. Once upon a time, Carol Marak, Aging Advocate and Editor at SeniorCare.com, worked a full-time job while simultaneously caring for both of…

May 16, 2016
long term care

Are You a Genius or a Fool to Avoid Long Term Care Insurance?

Buying a long-term care insurance policy can be a valuable investment for those who purchase it well in advance of the time they’ll need it, yet few Americans are taking advantage of this genius option.  But you are not necessarily a fool if you have not made this purchase. While some 70% of Americans will…

August 5, 2015
Assisted living

Expert Interview with Stephan Baldwin About assisted living

It’s estimated that there are over 40,000 assisted living communities in the U.S. today, says Stephan Baldwin, director of business development for Assisted Living Center, an online directory and resource for those researching living options for seniors. And while this means that families have more choices than ever for care for their loved ones, the…

July 12, 2015

Don’t Let Dementia Lead to Financial Ruin in Retirement

The costs of Alzheimer’s disease and other forms of dementia can be staggering. And not just for the person suffering from the disease, but for those around him or her who serve as primary caregivers. Dementia can easily derail a family’s finances, and it can quickly drain retirement savings for those who have not prepared.…

May 18, 2015

How to Get the Veteran’s Administration (VA) Aid and Attendance Pension Benefit

After struggling to help her mother–the wife of a World War II veteran–receive benefits from the Veterans Administration (VA), Debbie Burak founded VeteranAid.org to ensure that other families of veterans wouldn’t have to go through the same ordeal. The site is devoted to informing veterans and their families about the little-known Aid and Attendance Pension…

May 6, 2015

How to Pay for Long Term Care when Long Term Care Insurance Cost is Too High

Retirement should mean living comfortably on the savings you’ve spent a lifetime to build. But aging and unexpected health issues can derail your retirement aspirations and bleed savings accounts dry if you’re not prepared financially to face what life might throw at you. Will You Need Long Term Care? Even if you’re physically in good…

April 6, 2015

Paying for the Booming Costs of Alzheimer’s Care

The cost of Alzheimer’s Disease care has risen in overwhelming proportion, but the reality is it’s a cost that many Americans are facing now, and will continue to face in the future. Recent studies show that the cost of caring for Americans with Alzheimer’s and other related dementias has surpassed the cost of treatment for…

March 6, 2015

Reverse Mortgages and Long Term Care

Your decision to get a Reverse Mortgage should probably involve an analysis of your long term care plans. Research indicates that at least 70 percent of people over 65 will need long term care services at some point in their lives.  Many people secure a Reverse Mortgage in order to fund long term care services…

April 23, 2013

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