How Term Care Insurance works.  

Growing old can be very expensive especially when there are medical conditions that require more care.

Whether your aging parent is living at home or in an assisted living community, the high cost of care can eat through their savings quickly if there aren’t plans put in place.

Many people look at Long Term Care Insurance to help lessen the burden but what exactly is it, how does it work and who can get are questions that can be confusing to answer.

Kim and Mike Barnes of Parenting Aging Parents talk with Roy Snarr of Snarr Financial & Insurance Services, Inc.. They discuss who needs long term care insurance, the different types of LTC insurance available today, how your parents use their benefits if they already have LTC insurance, options for elderly parents if they don’t already have LTC but want it, as well as, when an adult children might consider LTC for themselves.