Are You having Difficulty Managing Your Finances?

For them, financial well-being really matters. The costs of long-term care can be substantial and this burden often falls on their adult children. A new study showed that median costs over 2 years were $150,000 to $200,000. The only safety net in the US is the Medicaid program. Most US adults pay out of pocket.

Older adults and their caregivers must try to preserve their wealth. It starts with one simple question.

Adapted from the commentary by Jason Karlawish in JAMA Network Open Geriatrics September 13, 2022.

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