The fresh myth is the fact most people accept that Medicare will take care of the a lot of time-title care for as long as it is and is maybe not the case

We are going to see all of our mailbag within just one minute. But as you tune in to that it dialogue, when you yourself have comments, in the event the there are things that been employed by for you on the lifestyle, when you have information that you would like and come up with towards the rest of all of our listeners, put them available to you, Kathryn and i also have a tendency to talk about them joyfully into yet another podcast.

I adore that your particular attacks commonly constantly on the currency as it is not usually towards money

Kathryn Tuggle: () All of our earliest question is off Suzanne inside the Ca, she writes, hi Jean and you may Kathryn, I’m hoping 2021 is actually out over a beneficial initiate for both people. I have a concern on the enough time-label care insurance rates. Because the an individual who doesn’t have people and with no members of the family on this subject continent, I always believed I might you need a lot of time-title care and attention insurance policies. Yet not, on your book, Women Which have Money, I happened to be both astonished and you may pleased to see that are not always genuine. Without having a giant nest egg, property around $five hundred,000, which is my disease, you don’t have so it insurance because you’ll easily spend all out-of the coupons to your medical care, at which part Medicaid needs more buying much time-title proper care. This makes experience. Exactly what if a temporary remain at a rehabilitation business or breastfeeding household wipes away my personal coupons so i can no longer be able to pay rent when I am discharged.