Developing a sound strategy
How do you plan for a care event that could happen tomorrow, or 30-years from now? That is the challenge of planning for long term care.
Whatever your plan, whether it relies on a public or private solution, you should consider these types of questions:
- How will not having a plan affect my lifestyle should I require care for 4 months? How about 4 years? 8 years?
- Will my plan meet my full needs tomorrow and in the future? Is it solid and predicable or subject to market changes?
In this section we’ll look into public funding options such as Medicare and Medicaid as well as private sources like the use of personal assets or long term care insurance.
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Paying for Long Term Care
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Public
Programs
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Self-Funded
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Private Insurance
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Medicare
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Savings
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Long Term Care Insurance
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Medicaid
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Investments
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Veterans
Benefits
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Home Equity
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