As we get older, many of us are going to need long-term care. In fact, someone turning age 65 today has almost a 70% chance of needing some type of long-term care service and support in their remaining years. And yet, many families have little idea how they’re going to pay for long-term care—which won’t be covered by Medicare and may cost as much as $1.2 million per person by the time they need these services. In today’s episode, long-term care experts Natalie Karp and Rona Loshak talk about the many facets of long-term care insurance, a critical option for a growing number of vulnerable seniors who are aging alone or not physically able to take care of their spouse—or simply unable to pay for the care they need, especially as they face potential cutbacks in Medicaid. Rona and Natalie, who are independent brokers and co-founding partners of Karp Loshak LTC Insurance Solutions, are dedicated to helping clients navigate the sometimes-dizzying array of long-term care insurance options. They’ve become a leading resource for consumers, professional advisers and the news media, and in today’s conversation they offer an incisive overview of traditional long term care insurance, as well as alternatives like hybrid life/long-term care plans and life insurance with long-term care benefits. Their goal is to guide families from “conversation to contract,” with expertise and independence. As adult children of widowed mothers, they represent the sandwich generation, those who found themselves caring for children and aging parents. And they saw first-hand the importance of planning—well before families are faced with a health crisis and few viable options.