The takeaway: Continuing Care Retirement Communities give you a place to live, provide lots of amenities and activities, and–depending on your contract–include long-term care. This post provides four steps to help you decide if these places are worth the money. The post also tells my experiences and impressions visiting two different communities in two different … [Read more…]
The takeaway: Continuing Care Retirement Communities are housing developments that let you age in place, while also providing long-term care if you need it. They are one of the three major types of long-term care insurance you can buy; the other two were discussed in an earlier post. Unless you have money to burn, be clear … [Read more…]
The takeaway: With or without insurance, long-term care could cost you a bundle. This post is designed to help ensure you don’t spend money to protect against something Uncle Sam might pay for. However, if Uncle Sam won’t pay, this post can help you decide if long-term care insurance is worth it. Should you decide it … [Read more…]
The takeaway. If you buy stand-alone long-term care insurance, prepare for rate hikes, prediction failures, and the fact that you might not even need the insurance. Your mileage may vary. 😐 $$$ Boomer, before you buy stand-alone long-term care insurance, consider the case of Mary Jo Klimenko. I came across her story in Kaiser … [Read more…]