Getting Long-Term Care Planning Right: New Approaches for People at All Stages

Long-term care (LTC) planning is one of the most commonly overlooked parts of retirement. This workshop explains what long-term care is, who is most likely to need it, and why many people mistakenly assume Medicare or Medicaid will cover the cost. Participants will explore the emotional and financial risks of having no plan, learn about today’s long-term care options, and gain practical insight into why creating a personalized LTC plan matters for themselves and their families.

At this class, you will learn:

• Why aren’t people planning for this critical retirement challenge?
• 9 reasons people have mistakenly overlooked LTC planning
• The emotional and financial risks people face when they don’t have a LTC plan
• Why long-term care is more than the popular image of a lonely person in a nursing home
• The dramatic misunderstanding most people have about who will need LTC
• Why Medicare or Medicaid probably isn’t going to pay for your long-term care
• Why, even if you qualified for LTC under Medicaid, you might not get the care you need
• The five settings for long-term care
• Myth: Medicare will pay for LTC. Find out why this probably isn’t true for you
• Why it’s understandable that people haven’t adopted a LTC plan in the past
• Why original LTC insurance didn’t always work out well for all involved
• How regulators have made key changes in LTC insurance over the last decades
• 9 flexible approaches people should consider when creating their own LTC plan
• 4 key ideas that explain why it makes sense to have a LTC plan