Did You Know?

Until recently, private funds or long-term care insurance had been the only ways to finance long-term care like skilled nursing homes, assisted living facilities or home health aides, which are not covered by traditional health insurance. However, a new option is now available. According to the online financial resource NerdWallet, for those concerned about the financial risk of buying long-term care insurance and never using it, combination long-term care/life insurance policies may be better options. Depending on the policy, a portion of the funds can be used for long-term care that's equal...