The Pros & Cons of Long Term Care Insurance

CareTalk: Healthcare. Unfiltered. · Dec 8, 2023 · 20m · transcript

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Nursing home stays can easily run over $100,000 per year. That cost is a big source of fear for older Americans, 70% of whom will need some form of long-term care.

Long-term care insurance seems like a great answer. So why do only 3-4% of people have coverage?

TOPICS

(01:18) What is long-term care insurance?

(04:07) Difference between healthcare and long-term care

(06:56) Is the long-term care industry struggling?

(08:26) What does $165,000 in coverage buy?

(13:37) Mix of services getting more expensive

(18:36) Why not treat the end of life with respect?

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