Hanging in the Balance: The High Cost of Long-Term Services and Supports

I recently had the opportunity to participate on a panel sponsored by Genworth that turned out to be a truly candid and oftentimes personal discussion on an emerging crisis. The topic: “Solving America’s Long-Term Care Crisis: What We Can Do Now to Fix the $750 Billion Program.” In what way was the panel candid and personal? Much of it had to do with cost. Every day across the United States, millions of families sit at kitchen tables grappling with the …

Advance Planning for Eldercare Saves Money, A New Study Shows

When it comes to planning for long-term care, the early bird does get the worm, according to a new  study: The report shows that families who anticipate their needs can save close to $11,000 a year in out of pocket expenses by planning in advance instead of waiting until a crisis. >> Sign up for the AARP Money Matters newsletter What’s more, 38 percent of family caregivers and 35 percent of care recipients in the study, commissioned by the insurance company Genworth …