Kristin Colyer

Kristin Colyer

  • Joined: December 10, 2022
  • Articles: 73

Financing Long-Term Care

Image of a person looking at a financial plan, including budgeting, retirement savings, and investment strategy, to prepare for the costs of long-term care and ensure a secure future.
Explore options for financing long-term care, including Medicaid, private insurance, veterans benefits, and personal savings. Learn about the costs associated with different types of care and how to develop a comprehensive financial plan for the future.

Planning for Long-Term Care

Image of a senior consulting with healthcare professionals about their options for long-term care facilities, including assisted living, skilled nursing, memory care, and hospice care.

Planning for long-term care is important for several reasons: 1. Financial security: Long-term care can be expensive. Without proper planning, the costs can quickly deplete savings and other assets. Planning ahead can help ensure that you have the financial resources…

Understanding Long-Term Care

An image showing the text "long-term care" on a notebook with a Stethoscope laying across.

Long-term care refers to a range of services and support for individuals who have a chronic illness or disability. It assists those unable to perform activities of daily living (ADLs) on their own. This type of care is typically needed…