There are three fundamental ways to meet your long-term care needs. Long-term care costs can be covered by long-term care insurance of by qualifying for Medicaid. Self-insuring is typically the other option. If you are interested in going down the self-insurance path, you will need to save the appropriate amount of money to meet your long-term care needs.
Save for Long Term Care
Save for Long Term Care
Planned Savings |
Required Savings |
---|---|
$ 198,129 | $ 344,159 |
Based on your savings plan, you will need an additional $146,030 to meet your long term care savings goal.
Savings Category | Amount |
---|---|
Planned Savings | $ 198,129 |
Required Savings | $ 344,159 |