LTC
Americans underestimate the cost of long-term care
Medicare and most health insurance, including Medicare Supplement Insurance (Medigap), don’t pay for long-term care. This type of care (also called “custodial care” or “long-term services and support”) includes medical and non-medical care for people who have a chronic illness…
What Medicare does not cover
A recent survey conducted by The Kaiser Family Foundation found that 23 percent of adults under 65 and 45 percent of those aged 65 and older believed that Medicare would cover the cost of time in a nursing home or…
The financial strain of caregiving
A recent survey by Edward Jones found that more than 53 million Americans provide unpaid care, and the financial burden of that care is growing, with many not being prepared for the associated costs. The report also showed that financial…
Healthcare costs in retirement
The cost of healthcare can be challenging at any age; however, in retirement, potential healthcare needs and out-of-pocket costs could narrow your options when it comes time to pay the bills. The Jackson National Life Insurance company released a new…
A guide to covering LTC expenses
Seniors aged 65 have a nearly 70 percent chance of requiring long-term care services in the future. Of the 3.9 million Americans receiving care in a skilled nursing facility, 78 percent received long-term care for 100 days or more. Unfortunately,…