Long-term care costs

FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
1010 WINS Newsroom
November 11, 2019 - 7:52 am
Most parents in the U.S. provide some sort of financial support to their adult children, multiple surveys have found. But often, financial aid goes the other way. A 2015 survey by TD Ameritrade found 13% of American adults provided financial support to a parent. Millennials were far more likely...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
1010 WINS Newsroom
September 16, 2019 - 6:35 am
One of the biggest retirement mistakes you can make is not realizing what you don't know. I regularly hear from people in or near retirement who misunderstand how Social Security works, dramatically underestimate life expectancies or fail to plan for big expenses, such as long-term care or taxes...
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FILE - In this July 5, 2019, file photo Democratic presidential candidate Sen. Amy Klobuchar, D-Minn., speaks during the National Education Association Strong Public Schools Presidential Forum in Houston. Klobuchar has a new plan to help seniors that includes more support for people with Alzheimer’s and their caregivers. It’s an issue that’s personal for the Minnesota senator, whose 91-year-old father is in a memory care facility. (AP Photo/David J. Phillip, File)
July 12, 2019 - 6:17 am
WASHINGTON (AP) — Democratic presidential candidate Amy Klobuchar (KLOH'-buh-shar) has a new plan to help seniors that includes more support for people with Alzheimer's disease and their caregivers. It's an issue that's personal for the Minnesota senator, whose 91-year-old father is in a memory...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
June 03, 2019 - 8:29 am
Many people are frightened of long-term care costs — for good reason. Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need assistance for an average of 2.2 years, while women will need it for 3.7 years, according to the U.S...
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May 20, 2019 - 10:48 am
You won't pay for health care in retirement with one lump sum. That's the way these expenses are often presented, though, and the amounts are terrifying. Fidelity Investments, for example, says a couple retiring in 2019 at age 65 will need $285,000 for health expenses, not including nursing home or...
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FILE - In this Nov. 30, 2018, file photo people are silhouetted against holiday lights reflecting off a pond in a park in Lenexa, Kan. Financial planning is daunting enough, but it becomes more complicated and critical when you have a child or family member with special needs. If you don’t leave any money or support in place, their fate may be left up to the court and wellbeing could suffer. (AP Photo/Charlie Riedel, File)
May 05, 2019 - 12:28 pm
Financial planning is daunting enough, but it becomes more complicated and critical when you have a child or family member with special needs. If you don't leave any money or support in place, their fate may be left up to the court and wellbeing could suffer. If you leave too much, they could lose...
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In this April 11, 2019 photo, Rep. Laurie Jinkins, D-Tacoma, listens to debate on the House floor at the Capitol in Olympia, Wash. Jinkins is the sponsor of a measure that has Washington poised to become the first state to establish an employee-paid program creating an insurance benefit to help offset the costs of long-term care, pending a final vote in the House. (AP Photo/Ted S. Warren)
April 18, 2019 - 12:43 pm
OLYMPIA, Wash. (AP) — Washington is poised to become the first state to establish an employee-paid program creating an insurance benefit to help offset the costs of long-term care, a step advocates say will help an aging population that is likely not prepared for the increasing costs needed for...
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Sen. Bernie Sanders, I-Vt., introduces the Medicare for All Act of 2019, on Capitol Hill in Washington, Wednesday, April 10, 2019. (AP Photo/Manuel Balce Ceneta)
April 10, 2019 - 3:43 pm
WASHINGTON (AP) — Sen. Bernie Sanders of Vermont unveiled a revamped version of his "Medicare for All" plan on Wednesday, shaking up the 2020 presidential race by renewing his call for replacing job-based and private health insurance with a government plan that guarantees coverage for all. "It is...
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FILE - In this March 3, 2019, file photo, Sen. Bernie Sanders, I-Vt., left, and his wife, Jane O'Meara Sanders, greet supporters as they leave after his 2020 presidential campaign stop at Navy Pier in Chicago. Sanders is raising the stakes of the “Medicare-for-all” debate by expanding his proposal to include long-term care. (AP Photo/Nam Y. Huh)
March 08, 2019 - 3:11 pm
WASHINGTON (AP) — Sen. Bernie Sanders is raising the stakes of the "Medicare for All" debate by expanding his proposal to include long-term care, a move that is forcing other Democratic presidential candidates to take a stand on addressing one of the biggest gaps in the U.S. health care system...
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The U.S. Medicare Handbook is photographed Thursday, Nov. 8, 2018, in Washington. Seniors in many states will be able to get additional services like help with chores, safety devices and respite for caregivers next year through private ‘Medicare Advantage’ insurance plans. It’s a sign of potentially big changes for Medicare. (AP Photo/Pablo Martinez Monsivais)
November 09, 2018 - 11:14 am
WASHINGTON (AP) — In a harbinger of potentially big changes for Medicare, seniors in many states will be able to get additional services such as help with chores, safety devices and respite for caregivers next year through private Medicare Advantage insurance plans. The shift reflects a growing...
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