Topics discussed: 1) Most people believe Medicare covers long term care expenses, 2) LTCI coverage of Alzheimer’s and dementia and planning for when LTCI does not, 3) LTCI options and the optimal time to buy coverage.
Long term care planning is a critical element of every comprehensive financial plan. Long term care events are a reality of life, and Long Term Care Planning exists to help families preserve their assets, standard of living and independence, while allowing the members of the family to make important choices for the financial, physical and emotional well being of loved ones.
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