A very well-written article was printed in the Times Union paper (and on their website) this past Sunday.
The writer interviewed some financial planners and elder law attorneys who specialize in estate planning and Medicaid planning.
They answer many of the more common questions related to long-term care planning and long-term care insurance, like:
- Who should not own long-term care insurance?
- How much should someone have in net worth before they should decide to “self-insure” for long-term care?
- How much does long-term care insurance cost for most people who buy it today?
- What age is “too young” to buy long-term care insurance?
- What is the best age to buy long-term care insurance?
- What questions should you ask before you buy long-term care insurance?
Here’s a link to the article: