A well-thought-out care plan can give clients more control over where they receive care, who provides it, and how they’ll pay for it. But that flexibility is usually greatest before a health event forces the family to make decisions under pressure.
The opportunity for financial advisors now is to help clients connect care preferences with retirement income, available assets, insurance coverage, tax considerations, and family capacity.
Insurance may support the plan, but it’s only one part of a broader funding conversation. So, what should you look for when building a flexible care plan? Let’s start with the easy answers, then dive into long-term care funding options.