Latest / The Life Planning 101 Podcast
The Dirty Dozen of Long-Term Care Stats (Rebroadcast)
This week Angela discusses the importance of long-term health care planning. She shares statistics about the likelihood of needing long-term care and the associated costs, emphasizing the need to create a comprehensive plan that goes beyond just financial aspects.
Key Takeaways 💡
Medicare typically covers the first 90 days of long-term health care services, but after that, individuals are responsible for covering the costs. Medicaid is a welfare program that requires individuals to have limited income and assets, potentially putting a spouse at financial risk and forcing them to spend down…
The skinny
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