Approximately 1.2 million Americans reside in nursing homes, but many people first use homemaker services, home health aides, adult day care, or assisted living. Long Term Care insurance has been a viable option for retirees to help cover some of the costs. However, it has become expensive, difficult to attain, and difficult to keep. During this show, we’re going to break down a few long-term care myths and discuss ideas of how to add long-term care protection to your holistic retirement plan.
You start with in-home care, excuse me, and progressively work your way up, and to the nursing home, each of those is its own unique cost. And who knows, you know, we weren’t going to get into this aspect so much today, but there’s even renovations to homes and remodeling, so you can age in place when maybe you’ve lost. Almost like a group home or something like that. – Evan Fricks
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