Judith Dey

When $500,000 in Social Security and Medicare Benefits Isn’t Enough

A typical American turning 65 this year is in line to receive about $500,000 in lifetime Social Security and Medicare benefits. That's more than $1 million for older couples. But many still won’t have enough money to pay for out-of-pocket medical care and long-term supports and services. While the wealthiest seniors will have the resources to pay these hefty out-of-pocket costs, most older adults won’t [...]

By |2015-09-22T10:06:39-04:00September 22nd, 2015|long-term care financing|0 Comments

What Are the Chances You’ll Need Long-Term Care And How Much Will It Cost?

What are the odds you’ll need assistance to help with personal activities such as bathing or dressing before you die? For those about to turn 65, it’s about 50/50, according to an important new study. On average, you can expect to need this high level of care for about two years. But one-in-five Americans will need such assistance for less [...]

By |2015-07-16T15:38:56-04:00July 16th, 2015|Aging, long term care reform|0 Comments