Paying for care as we age can be one of the most difficult and challenging periods in our life. Luckily, there are many options that can be explored separately or in combinations.
Kelly Augspurger spoke to Nic Nielsen, a certified financial planner and co-owner of Know My Plan, and they explored many of the options people have for paying for care as they age.
In this episode they covered:
🔹 Self-funding long-term and extended care.
🔹 Multiple ways to use long-term care insurance to pay for care.
🔹 Short-term care and immediate care.
🔹 Life settlements to fund long-term care.
🔹 Health savings accounts.
🔹 Reverse mortgages.
🔹 VA Benefits and the limits to VA benefits.
🔹 The differences and limits between Medicare and Medicaid and how they can be used to help pay for care.
Connect with Nic Nielsen and for more information on Know My Plan message Nic through LinkedIn or visit: www.KnowMyPlan.com
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➡️ Watch this podcast: https://youtu.be/FqIw1ltD7ug
#LongTermCare #FinancialPlanning #SteadfastCarePlanning #longtermcareinsurance #KnowMyPlan
For additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com.
Steadfast Care Planning podcast is made possible by Steadfast Insurance LLC, Certification in Long Term Care, and AMADA Senior Care.
Come back next time for more helpful guidance!
For additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com.
To explore your options for long-term care insurance, click here.
Steadfast Care Planning podcast is made possible by Steadfast Insurance LLC,
Certification in Long Term Care, and AMADA Senior Care Columbus.
Come back next time for more helpful guidance!