How will you pay for long-term care?
Many people, as they approach retirement, begin thinking about how hard they have worked to build their nest egg. The thought of using the money they worked so hard to save to pay for their future care is not a pleasant one. According to the U.S. Department of Health and Human Services, 7 in 10 people over the age of 65 will require long-term care. Therefore, it is incredibly important for those approaching retirement to consider how they will pay for this care.
Did you know that Medicare doesn’t pay for assisted living or nursing home costs? Fortunately, there are many products on the market to assist with paying for long-term care. You should speak with your attorney and your financial advisor to determine what options are best for you. Our office can help you review your estate and finances and determine the best course of action. Remember, the key is to plan– the longer you wait, the more limited your options. Call us today.