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Investing Specialists

Long-Term Care: Denial Is Not One of the Choices

Eschewing insurance? Make sure you have a viable backup plan.

Portfolio Makeover Week
Are you looking for tips on improving your portfolio? As part of's Portfolio Makeover Week in May, director of personal finance Christine Benz will be making over five real-life portfolios to show how investors of all stripes may streamline and upgrade their holdings. To be considered for a makeover, submit a request to Include a general description of your situation, including portfolio size, as well as your goals for the makeover.

The data are stark: Nearly 7 in 10 Americans will need some form of long-term care in their lifetimes, whether that care is delivered in a long-term care facility or in their homes with professional help or the help of family members or friends. Of course, Medicare and Medicaid may cover part of the bill for some individuals, but there are strict limits, as outlined in this article.