Business
Many of you have planned for a comfortable retirement: where you want to live, how much you want to travel, how you would like to spend your days – and how you’re going to pay for it all. One thing that could derail this plan financially is your health. The related financial problem doesn’t stem from becoming sick and dying, but from becoming sick and living – and needing long-term care. The financial risk that comes from this is greater for women than for men. This means that women are more likely to end up draining their retirement nest eggs – or greatly reducing their estates – to pay for long-term care. Most people don’t realize that Medicare generally doesn’t cover this expense. So you need a plan to pay for long-term care. One smart solution is to buy insurance to cover this cost, but many people fail to arrange this coverage. Fortunately for us, today's guest, Margie Barrie is long term care planning specialist who provides considerations when thinking about your long-term care options. Margie Barrie A nationally recognized LTC expert, Margie has worked as an agent specializing in Long term care planning since 1990. Margie has been named as one of the industry's top ten power people by Senior Market Advisor Magazine and as one of the top 25 most creative people in the insurance industry by LifeHealthPro Magazine. Since 2000, she has been writing her popular monthly column "LTCI Insider" for Senior Market Advisor and, as of 2014, for LifeHealthPro. She is the author of two books. Margie is presently a long term care planning specialist with ACSIA Partners, the largest long term care planning agency in the country. A much-sought after speaker, she has spoken at numerous industry conferences and provides Partnership and other training nationwide. She is also co-founder of the Executive Study Council, a group of the top 20 women leaders in the LTC industry.