Long Term Care Insurance — One Way to Pay for Care

Suppose that you need long-term care in your home. Do you have any idea what it might cost? Or how you might pay for it? Long term care insurance is one solution many people consider. But of course you can’t purchase insurance after you’ve gone into the nursing home. You also can’t get it if you would qualify for nursing home placement, or even if you have a condition that might lead to institutional care. And home care costs can be impressively expensive. Long term care insurance is a good planning choice for at least some individuals. In this podcast episode, we discuss some of the considerations and choices you face as your need for care deepens.