Tag: home health aides
For those who start with $100,000, Medicaid is not an easy option. As part of an extended study on the risks faced by households approaching retirement, we just completed a project that focused on the risks associated with medical and long-term care costs. As it turns out, while medical risks are highly uncertain and potentially…
Misperceptions of long-term care needs and costs are cause for concern. Households approaching retirement face a wide variety of risks to their financial security. They may live longer than planned and deplete their resources; they may experience unexpectedly high inflation; or they may receive unusually poor returns on their investments. Equally consequential is the risk…
