Roughly 70% of adults aged 65 or older will need at least some long-term care, and the average length of stay is 3.2 years.

Because of this everyone needs a long-term care plan. However, long-term care insurance is just one way to pay for care. There are 6 common ways to fund this expense…

One of the most common questions I get from clients turning 65 is “Do I need Part C for Medicare?” Many are surprised that they don’t need Part C, otherwise known as “Medicare Advantage” at all.

There are two main ways to get Medicare - Original Medicare or Medicare Advantage.

In a recent meeting with a client, they voiced frustration over a recent trip to the pharmacy. They had met their prescription drug coverage deductible and expected to pay a co-pay of $90 for an expensive drug they were taking. Instead, they were charged over $500. He called his insurance agent and was told he had reached the dreaded “donut hole” or what is officially known as the Medicare Part D coverage gap.  

The “Donut Hole” is a phase in prescription drug coverage where beneficiaries experience a temporary increase in out-of-pocket expenses for their medication…