There are other types of policies and investments that you can use to get long-term care benefits.
Can you use a reverse mortgage for long-term care?
Long-term care insurance helps pay for healthcare costs that aren’t covered by Medicare or conventional health policies.
Family members of all kinds have fought over money matters since time immemorial, but it may be worse for cash-strapped caregiving families. The costs of caregiving activities, including hiring aides, buying supplie, and covering medical and pharmacy copays, negatively affect family caregivers’ pocketbooks and morale.
As awareness of dementia has grown, a startling fact has come to light: Nearly half of all older adults — 47% — die with a diagnosis of that condition on their medical record, according to research out of the University of Michigan and published in JAMA Health Forum.
Legislation introduced last week in the House of Representatives would reform the tax code in an effort to make long-term care insurance more affordable and accessible for older adults.