059 Long-Term Care Insurance and Financing Late-Life Care Needs

1:10:40
 
Share
 

Manage episode 210366421 series 2359394
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

In This Episode:

Dr. K talks with Howard Gleckman, a family caregiving and long-term care insurance expert who is a senior fellow at the Urban Institute. He is also the author of Caring for Our Parents: Inspiring Stories of Families Seeking New Solutions to America’s Most Urgent Health Crisis. They discuss:

  • Howard’s own story of caring for his aging in-laws and parents
  • Who usually pays for the assistance and services that most older people eventually need
  • Why many people think they have LTC insurance when in fact they don’t
  • The statistics on how likely you are to need long-term care, and how much it usually costs
  • Key things to think about when considering LTC insurance
  • Why boomers are less likely to have family available to help with their late-life care needs
  • How a public catastrophic LTC insurance program might work
  • Why there hasn’t been a lot of political pressure to address long-term care issues
  • Whether it’s better to buy LTC insurance versus save on your own

Related episode:

017 Interview: Paying for Long-Term Care & Other Family Caregiving Challenges

Related Resources:

The post 059 Interview: Long-Term Care Insurance & Financing Late-Life Care Needs appeared first on Better Health While Aging.

91 episodes available. A new episode about every 14 days averaging 34 mins duration .