As with any other long-term care insurance product, there are many services you can pay for with a linked-benefit plan. If you need full-time care in a nursing home, you'll be able to pay for that.

2) The amount of HSA assets that can be withdrawn each year to cover long-term-care insurance depends on your age: In 2022, people between 41 and 50 can withdraw $850 of their HSA assets to cover ...

The cost of long-term care can deplete even a well-funded retirement savings plan: According to the 2020 Genworth Cost of Care Survey, the median cost of a private room in a skilled nursing home ...

Person-directed care plans can seem like an exercise in semantics when nursing facilities simply replace "Mrs. Jones" with "I," says Michele Nolta, CTRS, ACC, owner of Recreation Therapy ...

How beneficial a plan can be, however, depends on your interpretation of the above pros and cons. Long-term care insurance plans can help protect your savings and they're often tax-free.

The areas targeted by the strategic plan are chosen because there is a problem, regulations require updating, or the team believes significant changes could improve the facility's delivery of care ...

"With the average cost for a nursing home care costing $188.00 per day, there is a better way when we get old and too feeble," the 64-year-old resident of a Houston suburb wrote.

And because Medicare won't pay for nursing home care, you’ll be responsible for the costs. Meanwhile, the estimated average monthly Social Security retirement benefit for January 2024 is $1,907 ...