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The Retirement Nerds

Is Long-Term Care Insurance Worth It? Here's What to Consider

April 2 · 31 min · Season 4 · Episode 11 · 30.2 MB
0:00-31:26

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How much does long-term care really cost — and how do you actually prepare for it? In this video, I sit down with Marc Glickman, President of BuddyIns, to break down everything you need to know about long-term care insurance — from how to get it, what it covers, and most importantly, how to actually use it when the time comes.

With average long-term care costs running $6,400 per month or more, this is a conversation every retiree and pre-retiree needs to have.

Marc shares his expert insight on navigating the process, avoiding common mistakes, and making sure your policy works for you — not against you.

Website to get a quote or connect with Marc:

https://partner.buddyins.com/retirementnerds

Long Term Care 101 Video:

https://youtu.be/ytsdfesv_uk

Check out our resources at https://TheRetirementNerds.com/

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Erik@TheRetirementNerds.com

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⏰ TIME CODES ⏰

0:00 Intro

0:30 Employer Options

3:18 Underwriting

4:17 If You Leave Employer

5:20 Premium Increases

8:20 Under 65 vs Over 65

10:30 How to Use a Policy

13:20 Where to Get Care

16:23 Beware Overinsurance

22:15 Gender Implications

24:07 Future of Care (Robots?)

28:50 Where to get help

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#medicare #theretirementnerds #socialsecurity #retirementnerds #finance #longtermcareplanning

Federal Disclaimer:

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.