Most people will need some form of long term care at some point in their life, and they don’t want to be a burden on their family.
In this episode, Austyn Whittenburg talks with Rick Gallacher, CFP®, to talk about a range of different long term care options, the benefits of the services, and when you need them.
Rick discusses:
- How to get benefits from long term care insurance
- The different ways these policies get set up
- How tough it can be for informal caregivers
- The average costs of assisted living facilities versus at home care
- And more
Related: The Basics of Social Security