4 Ways to Pay for the Cost of Long-Term Care | Ep 28

Make It Personal Podcast · Jul 17, 2025 · 11m

In this episode, Mark Zagurski shares a personal story about his grandmother to underscore the importance of planning for long-term care, which 70% of 65-year-olds will need. He outlines four options to manage these costs: paying out of pocket, long-term care insurance, hybrid policies combining life insurance or annuities, and deferred income annuities like QLACs. Mark explains how each option works, their benefits, and their trade-offs, emphasizing that Medicare doesn’t cover extended care and Medicaid has strict eligibility. He stresses the emotional and financial toll on families and the…