Health care was on the minds of many voters during the mid-term elections, and I suspect this will continue to be a hot-button issue. Thanks to advances in medicine, technology, and standards of living, people are living longer and more active lives. However, with increased life expectancy comes higher health care costs and higher insurance premiums that you'll have to account for longer into your retirement – especially if you're a woman. Nevertheless, most of us are going to reach a point where we just cannot take care of our basic needs without a little additional help.

On today's show, we're giving our listeners an important overview of long-term care: who needs it, for how long, what Medicare does and doesn't cover, and how to make sure your financial plan keeps you safe and comfortable throughout the later stages of your retirement.