In this episode of the 'Now and Beyond' podcast, host Ryan Canfield welcomes Kelly Augsberger, a long-term care insurance specialist and certified senior advisor. They discuss the importance of planning for extended care, focusing on healthcare expenses for both parents and oneself. Kelly shares her personal experiences that drove her passion for creating effective care plans to alleviate the emotional, physical, and financial burdens of caregiving. They explore various topics like what extended care entails, how to have critical conversations with family members about care preferences, and the financial strategies involved. Kelly emphasizes the importance of planning ahead, understanding the roles and responsibilities in caregiving, and exploring different insurance options. The episode provides valuable insights for both younger generations planning for their future and those assisting aging parents, with practical advice on mitigating the consequences of extended care situations.

00:00 Introduction to the Podcast and Guest
01:53 The Importance of Planning for Extended Care
02:42 Personal Experiences with Caregiving
07:10 Defining Extended Care
19:44 Costs and Financial Planning for Extended Care
24:27 Exploring Financial Assistance Options
25:15 Navigating Medicaid and Facility Planning
27:44 Veteran Benefits and Home Care
28:40 The Importance of Early Planning
29:00 Conversations Between Spouses
33:27 Understanding Long-Term Care Insurance
36:18 Personal Experiences and Family Dynamics
40:28 Caregiver Burnout and Professional Help
43:10 Final Thoughts and Estate Planning
46:03 Resources and Contact Information

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http://www.victuswealth.com

YouTube: https://www.youtube.com/@RyanCanfield
LinkedIn: https://www.linkedin.com/in/ryancanfieldaif/
Instagram: @RyanCanfieldFinAdv

Kelly's LinkedIn: https://www.linkedin.com/in/kelly-augspurger/
Kelly's Instagrams: @SteadfastAgents and @kellyaugs_theltclady
Kelly's Facebook: https://www.facebook.com/steadfastagents

Steadfast Insurance, Victus Wealth Management, and LPL Financial are separate entities.