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Is long-term care insurance worth it?
What is long-term care? Long-term care is custodial care that you might need if you lose cognitive capacity or become severely disabled. It is common for older adults to require such care at some point during their retirement. For example, imagine someone with Alzheimer’s or severe dementia — they will need help with getting dressed in the morning,…
These 5 factors will tell you if you need long-term care insurance
Until recently, I was like many Americans who have some important misunderstandings about who actually pays for care that older adults often require. According to a recent survey of Americans age 40 and older, 18% of individuals believe that employer-based health insurance will pay for extended care that takes place in a nursing home or assisted care…
Bolster’s simple guide to long-term care insurance
Long-term care insurance is not hard to understand if you break it down into a few simple definitions. At the highest level, long-term care insurance is an insurance policy that people buy that will pay them or their family if they become disabled and require long-term assistance with basic daily activities (like getting dressed in the morning, eating,…