In This Episode:
Dr. K talks with Howard Gleckman, a family caregiving and long-term care insurance expert who is a senior fellow at the Urban Institute. He is also the author of Caring for Our Parents: Inspiring Stories of Families Seeking New Solutions to America’s Most Urgent Health Crisis. They discuss:
- Howard’s own story of caring for his aging in-laws and parents
- Who usually pays for the assistance and services that most older people eventually need
- Why many people think they have LTC insurance when in fact they don’t
- The statistics on how likely you are to need long-term care, and how much it usually costs
- Key things to think about when considering LTC insurance
- Why boomers are less likely to have family available to help with their late-life care needs
- How a public catastrophic LTC insurance program might work
- Why there hasn’t been a lot of political pressure to address long-term care issues
- Whether it’s better to buy LTC insurance versus save on your own
