Geri and Dale are both 70 years old and in average health. They both have a history of dementia in their families and they are aware that the need for long-term care for one or both of them one day could be a real possibility. Many people worry about not having enough money in retirement […]
Can I Use a Health Savings Account to Pay for Long-Term-Care Insurance or a Hybrid Life Insurance Policy?
Dear Angel, I have a Health Savings Account through my work. Can I withdraw money tax-free from my health savings account to pay my long-term-care insurance premiums? If I can, is there a limit to the amount I can use? Does it have to be for a stand-alone long-term-care policy, or can it be for […]
Will the Government Pay for My Long Term Care?
“people who reach age 65 will likely have a 40 percent chance of entering a nursing home.