Are you prepared for what lies ahead? The future is unpredictable, but what if you could secure your golden years with long-term care insurance? It’s not something we want to think about, but it’s important to make sure you’re covered and your family is taken care of if this long-term care is ever needed for you.

This episode is loaded with everything you need to know about this safeguard. We tackle the costs, who genuinely needs it, and alternate options accessible for your consideration. We also touch on the government's skepticism about the feasibility of continuing this coverage for federal employees, and the possibility of self-pay options using your savings and other resources.

Statistically, 50% of people will need some type of long-term care coverage in their lifetime so this is something that you have to plan for. And with care costing up to $15,000 per month for some people, it could have a huge impact on retirement if you don’t account for the possibility of care.

Here’s some of what we discuss in this episode:

0:00 – Intro

2:14 – How long-term care coverage actually works

3:34 – When should you start discussing LTC?  

4:09 – Two-year suspension of long-term care coverage for federal employees

6:51 – Understanding the different coverage options

9:37 – Self-paying for care

11:59 – How Federal Retirement Experts help with LTC