Personal income and savings
It can be extremely difficult to save enough money to pay for your long-term care expenses.
Will you have saved enough if you need long-term care earlier than expected? If you can pay for long-term care “out of pocket,” can you do so without diverting finances from other vital needs, such as your spouse’s living costs?
Combining financing options
If you are considering paying for your long-term care expenses with your personal income and savings, think about combining funding sources. For example, you could combine personal income and savings with a long-term care insurance policy.
