How will the elderly pay for long-term care?

One of the questions I get is how will the elderly pay for long term care? Now there are three ways to pay for long term care generally.

The first is you pay out of pocket. The second is you have long term care insurance that is triggered or activated. The third is you qualify for a government program.

Now the most common government programs that we help people plan for are medical for long term care or VA aid and attendance.

So this is how people who are elderly can pay for long term care.

Quick Question Corner is a video segment where we answer common questions about estate planning and elder law. If you have similar questions, leave them in the comment section and we can feature them in one of our videos in the future.

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