Tag: caregiving
While the cost of elder care in the United States, whether paid for by Medicare, Medicaid or out-of-pocket, is substantial, most care is provided by family members for no compensation. Yet the burden on those family members can also be huge in terms of forgoing paid employment or work opportunities, time with family and friends,…
Even the best-laid plans can go awry. Retirees face the risk of a large healthcare spending shock for medical or long-term care (LTC) either because their health insurance involves significant cost sharing or because they lack insurance entirely in the case of LTC…
