135 – How to Pay for Elder Care

Michelle Allen, a licensed clinical social worker and certified geriatric care manager, offers insights on financing elder care. Discover the importance of understanding costs for various care types, from aging in place to memory care facilities. Learn about how Continuing Care Retirement Communities adapt to changing needs and the challenges family caregivers face with rising expenses. Michelle clears up misconceptions around Medicare, highlights long-term care insurance complexities, and underscores the value of financial planning for enhancing seniors' quality of life.