Most people assume Medicare, Medicaid, or their family will handle their long term care. They won’t, at least not the way you're hoping.

In this episode, host Rich Leimgruber sits down with Ray Hickson, a 25-year long-term care planning specialist, to unpack one of the most financially devastating blind spots in retirement planning. From nursing home costs topping $180,000 a year in New York to the surprising other costs, even with Medicaid, this conversation will change how you think about your future, and your parents'.

3 Things You'll Learn in This Episode:

• Why Medicaid may not be an option — and what happens to your family when your savings runs out
• The difference between traditional and hybrid long-term care policies — and which one might actually leave money for your heirs
• When to start planning (hint: it's earlier than you think) — and the health event that could close the door on your options forever

Sources for statistics mentioned in this episode:
1. Will You Need Long-Term Care? Here’s What the Statistics Say
money.com/long-term-care-rising-needs/
2.Source: Long-term care statistics 2026
www.singlecare.com/blog/news/long-term-care-statistics/
3.How Much Care Will You Need?
acl.gov/ltc/basic-needs/how-much-care-will-you-need

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.