What is long-term care & how does it work? In this episode, I’m joined by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn to educate us on the basics and realities of long-term care from a “boots on the ground” perspective.

More specifically, Eileen and I discuss:

• What is Long-Term Care?
• What Qualifies Somebody for Long-Term Care?
• Does Medicare Pay for Long-Term Care?
• Does Medicaid Pay for Long-Term Care?
• What Kind of Care Are People Actually Getting?
• Adult Children Helping Mom and Dad
• Having The Tough Conversation About Long-Term Care Planning

Resources:

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• Ask Cameron A Question!
• Access Episode Show Notes Here

Key moments in this episode are:


00:00:28 - Introduction to Long Term Care
 00:02:53 - Eileen Dunn's Experience
 00:05:07 - What is Long Term Care 
00:07:00 - Medicare and Long Term Care 
00:10:42 - Long-Term Care Insurance
 00:14:21 - Relying on Medicare and Medicaid 
00:15:08 - Pitfalls of Adult Children Taking Care of Parents
 00:18:32 - Tips for Caregivers
00:21:05 - Importance of Long-Term Care Planning
 00:24:29 - Standby Assistance for Seniors 
00:28:38 - Types of Long Term Care Insurance
 00:29:00 - Subscribe to Retired Ish 
00:29:29 - Retirement Planning Newsletter
 00:30:08 - Disclaimer and Investment Risks