Will Long-Term Care Costs Threaten Retirement? – Fox 4 – 11/09/15

Will Long-Term Care Costs Threaten Retirement?

Can you count on Medicare and health insurance to cover your long-term care costs?

Without proper planning, individuals can be left with few options for managing long-term care expenses. You may have heard that an estimated 70 percent of Americans 65 and older are expected to need long-term care at some point in their lives. A new study by Lincoln Financial Group found that only a shocking 22 percent think they’ll actually need it. Andrew Bucklee from Lincoln Financial Group helps clear up any confusion by answering important questions and addressing some myths about long-term care risks.

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