Long Term Care News, Information and Guidance

is long term care insurance worth it

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

Whether to purchase long-term care insurance or not is a personal decision. Traditionally, many people have opted not to purchase it due to costs and lack of product awareness. But there are definitely some benefits to long-term care insurance, which have brought this product more into the spotlight in recent months and years. Although Adam…

long term health costs

Long Term Health Care: 4 out of 5 Retirees Horribly Unaware of Actual Costs

They say that what you don’t know won’t kill you. However, if you are misinformed about the costs of long term health care in retirement, you might not be able to afford the kind of care you would like to have when fighting to stay alive. Most retirees have their heads in the clouds when…

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…

retirement planning

4 Easy Steps to Help You Plan for Long Term Care and a Better Retirement

Between taxes, inflation, job loss and longevity, you have enough to worry about to ensure your money will last after you leave the workforce. But you probably didn’t know that the biggest risk to manage during the Golden Years is planning for health care costs. Even if you’ve talked with a financial planner, you might…

long term care

Retirement Planning: 5 Ways to Plan for Dementia, Alzheimer’s or a Long Term Care Need

Dementia.  Stroke.  Alzheimer’s disease. These are common reasons why you or a loved one might someday require long term care. Any of these are a scary diagnosis for a loved one, but Alzheimer’s it is the most common form of dementia and it affects nearly 5.3 million Americans, according to the Alzheimer’s Association. Unfortunately, Alzheimer’s…

long term care

What You Don’t Know About Aging WILL Kill You (and Make You Bankrupt As Well…)

Older Americans continue to be in the dark when it comes to the cost and risk of needing long-term care, new research shows. Long-term care is a range of services and support for your personal care needs, explains the official Medicare website. Medicare is the federal health insurance program for people who are 65 or…

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…

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…

How Much Does Care Cost in Your State? 7 Ways to Plan for Long Term Care Costs

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 till 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. “Unfortunately,…

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….