How FIRE Plans Should Model Long-Term Care Insurance

In this episode of The FIRE Podcast, Lucas and Luna tackle a topic most FIRE plans ignore: long-term care insurance. They break down the specific numbers — like the fact that 70% of people over 65 will need some form of long-term care, and the median annual cost of a private nursing home room is now above $100,000. Lucas explains why traditional long-term care insurance rarely makes sense for early retirees, but a newer hybrid product — combining life insurance with a long-term care rider — might actually fit. They walk through a concrete example: a 50-year-old FIRE couple with a $1.5 million portfolio, and how a one-time premium of $75,000 for a hybrid policy could protect their portfolio against a catastrophic care event. Luna challenges the assumption that Medicare will cover these costs — spoiler: it barely touches long-term care. If you're planning for FIRE and haven't modeled the cost of a hip replacement or five years of home health aides, this episode is your wake-up call. #FIRE #LongTermCare #LongTermCareInsurance #HybridPolicy #RetirementPlanning #HealthcareCosts #NursingHomeCosts #Medicare #SelfInsurance #PortfolioProtection #EarlyRetirement #Finance #PersonalFinance #WealthPlanning #FexingoBusiness #BusinessPodcast #FIREPodcast #HealthcarePlanning Keep every episode free: buymeacoffee.com/fexingo