When it comes to long-term care, some people still are thinking, “Well, I’ll just depend on Medicare and maybe Medicaid.” They don’t realize how limited Medicare is in covering certain types of benefits. For example, to get any coverage for a nursing facility, you have to be in the hospital for at least three days, […]

The costs of medical and long-term care are often underestimated, and some retirees do not even consider them—and yet they are one of the primary reasons that people run short of money in retirement. According to a May 7, 2012 survey, conducted by Harris Interactive for Nationwide Financial, nearly half of high-net-worth Americans who are […]