With an aging population and rising healthcare costs, over half of American seniors are projected to require long-term care, creating financial and emotional challenges for families.
How have you prepared for the future when it comes to long-term care? Have you considered future health and financial needs, and whether long-term care insurance may be a practical solution to avoid financial burden on your family?
Creating a caregiver contract provides clarity, ensures fair compensation and helps with Medicaid planning, making it a vital step for families caring for elderly parents.
High healthcare costs often do not align with the fixed income of older individuals, raising concerns about affordability and accessibility. We explore the need for long-term care, why Medicare and Medicaid are not long-term options, and estate planning to plan for skilled nursing care proactively.
