Federal Drive

Tammy Flanagan: Long-term care insurance not what it used to be

When it comes to growing old, presuming you'll get there, you've got three choices. Get rich so you can afford to take care of yourself. Spend your life savings...

Tom Temin@tteminWFED

July 25, 2016 2:57 pm

< a min read

Tammy Flanagan, senior benefits director, National Institute of Transition Planning

When it comes to growing old, presuming you'll get there, you've got three choices. Get rich so you can afford to take care of yourself. Spend your life savings on nursing care and go on Medicaid. Or buy long-term care insurance, which may not really be long-term nor fully insure you. For an update on option three, benefits and retirement planning expert Tammy Flanagan joins Federal Drive with Tom Temin.