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Ep 60: Solutions For the Rising Cost of End of Life Care with Shannon Foreman
Today we'll have a bit of an in-depth conversation around long term care, extended care, and care that you need beyond just hospital care, long term disability.
This type of care usually occurs more so at the end of our lives, and this is a hard conversation to have. Not everybody wants to talk about these things that are happening in our lives.
Add to that the overarching cost that it takes to be able to provide care which is not something that is covered in any of our health care plans.
Now, you may have skilled nursing home care and hospice care that is covered, but most of them are not going to cover long-term care.
And I'm going to specifically talk about it in terms of longer-term instances where we might need care when it comes to memory care.
In today's episode, we're specifically going to get into the nitty-gritty on what elements are available for you to plan around, and why it's so important for you to plan earlier rather than later.
I will start to break down the costs of care what you can do about it, and what types of solutions are out there for the rising costs of health care needed at the end of our lives.
Find out more about Forethought Planning: www.forethoughtplanning.com
Follow Forethought Planning on social media:
Facebook
LinkedIn
YouTube channel
Score our free Wealth Assessment tool on our website.
Securities offered through LPL Financial, a member of FINRA/SIPC. Advisory services offered through Advisors' Pride, a SEC registered investment advisor. LPL Financial, Advisors' Pride, Forethought Planning and the guests of Thrive For[e]ward podcast are separate and unaffiliated parties. Lisa Harris and Lisa Harris & Co are not affiliated with Forethought Planning, Advisor's Pride, or LPL Financial. The views expressed here are those of the participants, and not those of Forethought Planning, Advisor's Pride, or LPL financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. LPL Financial and Forethought Planning do not offer legal services.
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By Shannon Foreman
5
1616 ratings
Today we'll have a bit of an in-depth conversation around long term care, extended care, and care that you need beyond just hospital care, long term disability.
This type of care usually occurs more so at the end of our lives, and this is a hard conversation to have. Not everybody wants to talk about these things that are happening in our lives.
Add to that the overarching cost that it takes to be able to provide care which is not something that is covered in any of our health care plans.
Now, you may have skilled nursing home care and hospice care that is covered, but most of them are not going to cover long-term care.
And I'm going to specifically talk about it in terms of longer-term instances where we might need care when it comes to memory care.
In today's episode, we're specifically going to get into the nitty-gritty on what elements are available for you to plan around, and why it's so important for you to plan earlier rather than later.
I will start to break down the costs of care what you can do about it, and what types of solutions are out there for the rising costs of health care needed at the end of our lives.
Find out more about Forethought Planning: www.forethoughtplanning.com
Follow Forethought Planning on social media:
Facebook
LinkedIn
YouTube channel
Score our free Wealth Assessment tool on our website.
Securities offered through LPL Financial, a member of FINRA/SIPC. Advisory services offered through Advisors' Pride, a SEC registered investment advisor. LPL Financial, Advisors' Pride, Forethought Planning and the guests of Thrive For[e]ward podcast are separate and unaffiliated parties. Lisa Harris and Lisa Harris & Co are not affiliated with Forethought Planning, Advisor's Pride, or LPL Financial. The views expressed here are those of the participants, and not those of Forethought Planning, Advisor's Pride, or LPL financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. LPL Financial and Forethought Planning do not offer legal services.