Consider Long-Term Care Insurance

Long-term care can be costly, and it’s not typically covered by regular health insurance. Long-term care insurance can help cover these costs. This type of insurance covers care not covered by health insurance, Medicare, or Medicaid, such as home care, assisted living, adult daycare, respite care, hospice care, nursing home, Alzheimer’s facilities, and home modification to accommodate disabilities.

Review Your Estate Plan

Ensure your estate plan is up to date. This includes your will, power of attorney, and any trusts. Your will should clearly state how you want your assets distributed after your death. A power of attorney allows you to appoint someone to make financial and healthcare decisions on your behalf if you become unable to do so. Trusts can provide a way to manage your assets during your lifetime and control their distribution after your death.