Long-term care insurance is another key piece of the puzzle when building your long-term financial plan.
Long-term care can be the greatest threat to your financial security because most of the costs associated with long term care are not covered under your health insurance or disability (replacement) income coverage. Additionally, Medicare insurance does not cover long term care expenses unless you meet the guidelines determined by federal and state government. If you have not planned for how you will deal with a long term care need, your years of savings and investments could be lost.
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