Posts Tagged ‘Long Term Care’

Planning for Long-Term Care

Sunday, December 6th, 2015

The Sunday paper has an excellent article from the wire about the crisis in financing long-term care. The article begins with the story of a couple who worked and saved throughout their careers, only to see their accumulated lifetime savings depleted within five years of one spouse moving into an assisted living facility after being diagnosed with Parkinson’s Disease.  The article goes on to cite sobering findings about the levels of accumulated assets and insurance coverage among senior citizens. Small business owners may be able to benefit from group long-term care policies for themselves and their employees. This article should motivate readers to investigate long-term care insurance coverage, if they have not already done so.