A Crash Course in Long-Term Care
What retirees need to know, before they need it.
This article is part of our "Get It Done" week on Morningstar.com: All week we will feature articles and videos offering guidance on ways to help tackle those nagging items on your financial to-do list. A version of this article appeared on Aug. 3, 2014.
If you've helped an elderly friend or relative find and figure out how to pay for long-term care, or you've done so yourself, you likely confronted a bewildering maze of unfamiliar terms as well as extreme financial complexity.