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:

• Retired-ish Newsletter Sign-Up
• Free 4-Step Retirement Analysis for Ages 50+
• 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