“Advisors create a game plan to prepare clients for this retirement expense,” by Sarah O’Brien, CNBC

“Depending on the specifics of your situation, it could make sense to purchase some form of insurance or to self-insure — that is, rely on your own assets — to fund the unpredictable costs related to LTC. Outside of that, leaning on family members or spending down (or shielding) assets to qualify for Medicaid-sponsored nursing-home care are options.”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Let’s see, take personal responsibility or shield assets to get Medicaid? Such is the moral equivalency that five decades of easy access to government-funded LTC has created.