The takeaway: Medicaid foots the bill for 62% of all nursing home residents. Everybody else is paying over $100,000 a year. To be one of the 62%, you need to know the following four things: 1) Medicaid’s financial requirements, 2) how to find legal help so you can potentially meet those requirements regardless of your … [Read more…]
The takeaway: Continuing care retirement communities are part of the trilogy of your long-term care options–but these come with waiting lists. Folks are clamoring to get in. You, savvy Boomer, will not be swayed by fear of missing out. Certain questions about these places still need to be asked. This post asks those questions so … [Read more…]
The takeaway: Plenty of people make their grand exit having never needed long-term care or long-term care insurance. The quiz below lets you know if you share the same characteristics with those who’ve typically needed long-term care in their sunset years. If you’re unprepared, the cost of long-term care can be catastrophic for your … [Read more…]