Morningstar advice for long term care insurance

About half of people turning 65 will need paid longterm care ( and the average duration is 3.7 years for women. 2.2 years for men.

Can use to estimate the cost of care in your area.

If you can cover your normal expenses + the cost create a long term care fund. ( The key thing to keep in mind is that you can deduct healthcare expenses that exceed 7.5% of your AGI. So you probably want it to be in your IRA not your Roth or HSA.

If you insure you should check the financial health of your insurer. 20% of applications are denied( Hybrid policies are hard to comparison shop