Our August newsletter features articles and slides based on the two excellent presentations we had at our June meeting. From Lauri LoQuercio and Jonathan Schwartz of New York Life, we have an infographic piece about long-term care planning. Their June presentation defined long-term care as services that help you perform everyday tasks. Seventy percent of Americans will require such care at some point. They discussed the high cost of long-term care and the heavy impact on family caregivers. Health insurance and Medicare do not cover long-term care, and Medicaid has strict asset and income eligibility requirements. Long-term care insurance is a strategy one may wish to pursue, and from a cost standpoint, the earlier such coverage is obtained, the better.