We keep hearing about long-term health care and the insurance for it that can be costly but necessary for financial peace of mind if you face chronic health problems or perhaps disabilities. But what does that involve? Should we buy the insurance? When should we? How much should we be spending?
In this new episode of The Women’s Eye podcast with Catherine Anaya I talk with Catherine Scrivano, President of CASCO Financial Group in Phoenix, Arizona. She explains how to navigate the levels and costs of long-term care and insurance that people need to know.
It can be confusing and Catherine is here to clear up the questions you may be asking.
Catherine, a regular financial contributor to The Women’s Eye with her Building Money Power segment, addresses these Ten Important Questions about long-term care (LTC) and insurance:
What are the different levels of LTC, the costs associated with it and the importance of planning for it?
Why do women, who are often the caregivers, especially need to consider having long-term care plans and insurance policies in place for themselves and their loved ones?
Is home-based care an important alternative over nursing home care?
What about Medicare? What will that cover and under what circumstance?
When do we start planning for care and the insurance to cover it?
What to consider and compare when deciding whether to purchase it?
What are the benefits of the variety of plans?
Is there inflation protection?
What about death benefits with an insurance plan?
Should children be contributing to the cost? Is this a good idea?
So there is lots to consider. We hope this episode can help guide you in your decision-making and for choosing a professional who can help you decide which LTC policy is best for you.
you don’t have to be wealthy to be wise.
Don’t miss her timely financial advice on the next episode of The Women’s Eye podcast.
For more information about Catherine Scrivano:
LinkedIn: Catherine Scrivano
Facebook: Casco Financial Group