What are my options for financing long-term care?
Question: I’m trying to help my mom plan for the next steps for my 86-year-old father. What are the options for financing long-term care? She’s so worried they’ll get turned down by Medicaid that she hasn’t even started the application yet. I’m hoping to let her know there are options.
Answer: It’s great you’re helping your parents with this. Long-term care is a very common need. More than two-thirds of current seniors can expect to need some long-term care. The costs can be daunting, particula