Have an extra $40,000 each year that you don’t know what to do with? You or your parents may end up paying this amount or more each year for long-term care, and the costs are escalating rapidly. Don’t let medical expenses ruin your retirement plans. In Long Term Care Insurance Made Simple author Les Abromovitz offers practical advice on whether you need a policy and tells you how to buy the best one for your money.
With anecdotes, humor, and real-life horror stories, Abromovitz makes long-term care insurance easy-to-understand. Each chapter ends with a short summary highlighting key information for you to remember to ask your insurance agent, health care provider or a legal professional. He’ll tell you if a medical expense can be applied as a tax deduction or not. And tells you why hiding your parent’s life savings when faced with the decision to place them in a nursing home does not work. You’ll find out the latest changes in the law affecting long-term care policies. Develop the right financial strategy to protect your family and make sure their money is not at risk.
