The Long-Term Care Question
The conversation most families put off until it is too late.
About 70% of people turning 65 today will need some form of long-term care. The average cost for a private room in a nursing home exceeds $100,000 per year. Medicare does not cover long-term custodial care. Your options include long-term care insurance, hybrid life/LTC policies, self-funding, or relying on family. None of these are perfect, but planning now gives you choices. Waiting until you need care takes most options off the table.
From Grace
Long-term care planning is uncomfortable to think about. But having a plan is one of the most loving things you can do for your family.