Archive - May 29, 2018

Avoid Unexpected Caregiving Costs

Avoid Unexpected Caregiving Costs

In “The Hidden Costs of Caregiving,” Barron’s discusses some things readers may not be prepared for when taking care of a loved one who is ill or aging or both. Even when you or your loved one have done the financial planning needed or have long-term care insurance to pay for medical care, the money can be quickly depleted by unforeseen expenses:

 “About half of long-term care costs are paid out of pocket—not by Medicare or insurance—adding insult to (literal) injury. Barron’s talked with caregivers to see where those unexpected expenses can pop up, and how to

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