Most retirement plans count on Social Security and a pension to pay the bills. Very few count what care costs. Enter a few numbers and see the monthly gap between your retirement income and the cost of care where you live.
Optional, but it makes your gap real. Your bills don't stop when care starts. A rough number for each is fine. Skip any that don't apply.
Medicare pays for skilled care, such as rehab after a hospital stay of at least three days, for up to 100 days in a nursing facility, with a daily copay starting on day 21. It doesn't pay for custodial care: help with bathing, dressing, eating and getting around. That's most long-term care.
Medicaid does pay for long-term care, but only once most of your savings is gone, often down to about $2,000 for a single person. It looks back five years at money you've given away. A spouse at home can keep only a limited amount, roughly $160,000 in assets in most states. Your choice of facilities can be limited too. Rules vary by state.
Your gap is the problem. Next, see the solution: what a long-term care plan sized to care costs in your state would cost each month.
Optional. Send your result to Blaine Webb at Innovative LTC and he'll follow up. Nothing here is required to see your gap or the next step.