Ways to Pay for Long-Term Care Expenses

A smiling young woman kneels beside a smiling older woman and holds her hands at a health care facility.

Several years ago, when I was helping care for my parents toward the end of their lives, they were adamant they wanted to stay in their home for as long as possible. I quickly realized we would need lots of help to honor their wishes. Finding quality and reliable in-home long-term care was expensive, but fortunately, they had the resources to pay for it.

Witnessing how important it was to my parents to stay in their home, I encourage clients to plan for long-term care expenses because many of us are living longer and need specialized care more often. It is estimated that half of all Americans age 65 and older will require long-term facility care.