Health/Long-Term Care
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…
Many older adults will require some degree of long-term care (LTC) later in life, with more than half needing more intensive support, often for an extended period. The resources required to meet such high-intensity, long-duration LTC needs – provided by family members or through paid formal care – can be substantial. This paper addresses t…
