How to Fund Long-Term Care: 3 Strategies That Work
Long-term care runs $74,400 to $129,575 a year and Medicare does not cover custodial care. Three private funding vehicles close the gap: standalone LTC insurance, life insurance with an LTC rider, and annuity-based coverage under the Pension Protection Act. Here is how each one works, what it costs, how it is taxed, and who it fits.
