People have lots of questions about long-term care: Is the insurance worth it, given how insurers have been jacking up premiums? If you’re going to raid your own coffers to pay for long-term when and if you need it, how much money do you need to have saved? And people have plenty of experiences to share, too–horror stories of insurers haggling over claims and foisting premium increases on seniors living on fixed incomes, as well as more positive tales of parents’ long-term care policies that paid for themselves many times over.
75 Must-Know Statistics About Long-Term Care
Sobering data on usage, cost, insurance products, and the toll on unpaid caregivers.
In my years of speaking to groups of retirees and pre-retirees, I’ve learned that there are a handful of topics that will send an event completely out of my control.
One is the long-term viability of Social Security; I don’t go there, but it sometimes comes up as a question. The other hot-button topic–and one that I do touch on in my talks because it has the potential to make or break a retirement plan–is long-term care.