Health

Use a reverse mortgage for long-term care

Use a reverse mortgage for long-term care

If you don’t have long-term care insurance (LTCI), there are other ways to pay for long-term care. Taking out a reverse mortgage is one of them. What is a reverse mortgage? If you’re 62 or older, you can take out a loan against your home equity to access funds through...
Pay for long-term care without insurance

Pay for long-term care without insurance

According to industry research, just a few years ago, long-term care insurance (LTCI) cost Americans over $2,700 each per year. It’s no wonder that more and more Americans are choosing not to buy LTCI. In 2017, a study conducted by the Harris Poll found that 75...
Understanding your long-term care costs

Understanding your long-term care costs

Long-term care in America is expensive, and if you’re not prepared to pay for it, you could find your hard-earned lifelong savings disappearing quickly. Understanding long-term care costs and financial planning for eldercare is crucial for preserving wealth while you...
Diagnosed with cancer but uninsured? How to find help

Diagnosed with cancer but uninsured? How to find help

If you have been diagnosed with cancer but don’t have health insurance, don’t let that dissuade you from seeking treatment. Resources for uninsured cancer patients are available. Starting with your local hospital, ask to speak to a financial counselor about your...
How to negotiate medical bills

How to negotiate medical bills

The leading cause of individual bankruptcy in America? Health-care expenses. According to CNBC, 67 percent of individual bankruptcies arise from high medical bills, which affect around 530,000 families each year. Thankfully, there are tools to help you manage medical...