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Estates, Inheritances, & Aging Parents: Your Checklist

The Money with Katie Show

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How to Plan for Long-Term Care

Long-term care insurance is a fairly decent way, at least these days after it has evolved to cover care and it's something that people should look into. If you're abjectly not having any money, I think last year in California, if you had more than $1,000 in liquid funds, you couldn't get Medicaid. So there isn't really any other way to pay for long-term care, whether it's in your home or in an assisted living facility, except through private funds.

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