As the adult child you may have to reverse roles with your parents!
Long-term care is the care needed for individuals with chronic disabilities.
If Dad has very few assets and it would be a financial hardship for him to pay the premiums for the insurance, then he probably doesn’t need it.
WBZ’s Dee Lee tells you what you can and can’t deduct on your income taxes.
If you are young and healthy the insurance industry wants to sell you long term care insurance!
Long term care is simply defined as the care needed for individuals with chronic disabilities, this care may now be in the individual’s home or it may mean custodial care in a nursing home.