- Using the following resources put together a plan for Zac and Mary as it relates to covering their long-term care costs (Link: http://longtermcare.gov). Make sure you identify and discuss the following components:
- The importance of long-term care strategy/plan
- Factors that influence the need for long-term care
- Activities for daily living
- Average costs of long-term care
- Nursing home
- Assisted living home
- At home services
- Factors in considering a long-term care policy
- Premiums
- Renewals
- Types of care
- Coverage
- Benefit Periods
- Tax implications of benefits
- Alternatives to a long-term care policy