Proactive Planning for Extended Care: a Conversation with Annalee Kruger and Kelly Augspurger

In this episode of the Caregiver Crisis podcast, Annalee Kruger, CEO and founder of Care Right, Inc. interviews Kelly Augspurger, a long-term care insurance specialist and co-owner of Steadfast Insurance. They discuss the importance of planning for extended care, the misconceptions surrounding it, and the financial realities of aging in place. The conversation emphasizes the need for proactive planning, understanding family dynamics, and the various types of long-term care insurance available. They also touch on the significance of estate planning and the necessity of having these discussions early to ensure peace of mind for families.

Key Takeaways

• Extended care is more comprehensive than just nursing homes.
• Planning ahead is crucial for families with aging parents.
• Aging in place can be financially burdensome without proper planning.
• Long-term care insurance can provide a financial safety net.
• Conversations about care should happen before a crisis occurs.
• Family dynamics play a significant role in care planning.
• Understanding the costs of care is essential for informed decisions.
• Different types of long-term care insurance cater to various needs.
• Estate planning is a critical component of overall care planning.
• Proactive steps can lead to better outcomes for families.

Links
https://carerightinc.com/
https://www.steadfastagents.com/