Quinnipiac University Workshop for Faculty and Staff: Dealing with Long-term Care Expenses
Dealing with the Challenges of Long-term Care Expenses:
Often, employees first confront the high cost of long-term care is when they must deal with the expense of their parents’ long-term care. Many are shocked to discover that neither Medicare nor Medicare supplemental insurance plans cover (what can be) the $13,000 a month cost of long-term care. Employees have also heard about the high price of long-term care insurance. This session will help employees formulate strategies for dealing with the potentially retirement life-style threatening costs of long-term care. We consider viability of buying long-term care insurance vs. “hybrid” insurance policies.