EP 27 - Don't Leave It to Your Kids: The Long-Term Care Planning Episode That Changes Everything
Episode Description:
Most people assume Medicare, Medicaid, or their family will handle their long term care. They won’t, at least not the way you're hoping.
In this episode, host Rich Leimgruber sits down with Ray Hickson, a 25-year long-term care planning specialist, to unpack one of the most financially devastating blind spots in retirement planning. From nursing home costs topping $180,000 a year in New York to the surprising other costs, even with Medicaid, this conversation will change how you think about your future, and your parents'.
3 Things You'll Learn in This Episode:
Why Medicaid may not be an option — and what happens to your family when your savings runs out
The difference between traditional and hybrid long-term care policies — and which one might actually leave money for your heirs
When to start planning (hint: it's earlier than you think) — and the health event that could close the door on your options forever
About our guest:
Ray Hickson, certified for Long-Term Care, a regional vice president with Advisors Insurance Brokers
Ray specializes in long-term care insurance planning and has guided countless individuals and families through the process of preparing for one of the most financially and emotionally significant events, and he's been doing it for over 25 years.
Behind The Episode:
