Funding Long-Term Care | 5 Questions With Fidelity | Fidelity Investments

Many of us will require some form of long-term care during our lives. The latest 5 Questions with Fidelity looks at ideas that can help you cover its potentially high costs, which aren’t generally covered by Medicare. You’ll hear answers to common questions about paying out of pocket versus using different types of long-term care insurance, factors to consider when purchasing a policy, when it’s recommended to start planning, and more. Key Takeaways Two-thirds of Americans will need long-term care. Costs vary with your location. Hybrid long-term care insurance may offer greater flexibility. Planning for potential care in your 40s or 50s is ideal. 00:00 Ways to fund long-term care 01:52 Thoughts on paying out of pocket 03:46 How does long-term care insurance work? 05:00 Factors when purchasing a policy 05:50 Age to start planning for long-term care Questions? Drop them below 👇 and we’ll reply right in the comments. Watch on Fidelity.com https://www.fidelity.com/learning-cen... Find an advisor: https://digital.fidelity.com/prgw/dig... • To see more videos, subscribe on YouTube:    / fidelityinvestments   • Follow Fidelity on Reddit:   / fidelityinvestments   • Follow Fidelity on Instagram:   / fidelityinvestments   • Follow Fidelity on TikTok:   / fidelityinvestments   • Follow Fidelity on Facebook:   / fidelityinvestments   • Follow Fidelity on LinkedIn:   / fidelity-investments   • Ask Fidelity on X:   / fidelity   Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1158793.8.0 #longtermcare #insurance #medicare