, to , and is . - care is a , 's uncertainties.
The of - care (LTC) is to the from footing the of an in a healthcare facility, a nursing or rehabilitation .
no telling - care , and the can run very do, your to your - care and make an .
that later in care. , as you , your discharge you to a nursing following a hospitalization for or . , Medicare will days. , , deteriorating or an , or dementia will an in a nursing or ongoing in- nursing care. this , even in to the of - care with their priorities.
Medicaid will - care after days, this federal to first their , . , even are financially to - care .
are to as you - care :
· Your age and your eligibility. a 're and years of , it you lock in a that be 're older or you a . The of a to with age, after age 60 . a pre- , or a , be eligible to . the print if any are excluded from .
· - care many -from barebones to bells and whistles. is one to . of the -- which plan make for you. and can your with what .
· plans are tied to the for with a pre- of of (ADLs) dressing, showering and . pay a that fewer concurrent ADLs to .
· nursing to you or of the spectrum. a - or of - with, as to make up the .
· plans have an , of time that elapse your covers the . This "" in from 30 to days. of the your .
· Inflation is a plan rider offset of care your eligible lifetime the plan. if the of a lifetime .
Your calculate your projected and can the of - care if the arises. If any doubt, - care make . your and a plan that you meet your - for .
Scott D. Serfass, CFP®, CRPC®, CDFA™, CLU®, ChFC® is a and senior of Serfass, Phillips & , a advisory of Ameriprise , Inc. His retire and a plan to wealth generations. his , he has witnessed many and turmoil. This and paved the for his , .