Podcast: When Medicare Isn’t Enough: Planning for the Real Cost of Care with Denise Kligman
Podcast: When Medicare Isn’t Enough: Planning for the Real Cost of Care with Denise Kligman
Who’s going to care for you when you’ve spent years caring for everyone else? Long-term care is one of those topics that’s easy to put off until you’re left with no easy choices.
In this episode, Stacy talks with long-term care specialist Denise Kligman about what care can really cost, what Medicare doesn’t cover, how insurance options have changed, and why planning early can give you and your family a lot more breathing room when life takes an unexpected turn.
You’ll hear them discuss:
- Why Medicare and traditional health insurance generally don’t cover the day-to-day custodial care many people eventually need
- How the cost of home care, assisted living, and nursing home care can quickly put serious pressure on a family’s finances
- Why long-term care planning can be especially important for women, who are often both caregivers and more likely to need care themselves later on
- How traditional long-term care insurance compares with newer hybrid policies that combine long-term care benefits with life insurance
- When it may make sense to start looking at coverage and why your age and health can make such a big difference
- What actually triggers a long-term care insurance claim, including activities of daily living, cognitive impairment, and elimination periods
- Why having conversations about where you want to receive care, who you want involved, and how it will be paid for matters even if insurance isn’t part of your plan
Resources
Denise Kligman on Owens Group | LinkedIn | Email: dkligman@owensgroup.com | Phone: 201-408-3501
Stacy Francis on LinkedIn | X(Twitter) | Email
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