Solving the Long-Term Care Financing Puzzle in the Wake of COVID-19

An older person wearing a knitted sweater has their hands resting on a blanket, while another person gently holds their arm, suggesting care and support.

Long-term care in the United States has long been underfunded and had its problems ignored, which set the stage for COVID-19 infection and death in care facilities. Nora Super, Jason Davis, and Caroline Servat of the Milken Institute outline several public and private options to improve care financing, via the RetireSecure blog.Read More

Planning for Long-term Care Needs: Start Now

A close-up of an elderly person''s hands resting on their knee, symbolizing aging and wisdom.

Few Americans do much to protect themselves against the cost of long term care (LTC) in later life.  In fact, between half and three-quarters of Americans are anticipated to need LTC at some point, yet only about 8 percent of the US population has LTC insurance. Instead, many people simply hope to deal with long-term care and other health risks when they happen. This is not a sensible way to deal with one of life’s major shocks, particularly when one could spend several years in such an institution at an annual cost of over $90,000.Read More