Making my Plan

It’s time to develop a plan.

Your plan depends on your age, health considerations, and priorities. No matter what your situation, you have funding options that are better than depending on Medicaid to cover your long-term expenses.

Your options may include paying “out of pocket,” purchasing long-term care insurance, using your home equity, life insurance, or annuity contracts. A financial planner or insurance agent who specializes in long-term care can help you decide what works best for you.

Long-term care: Gabrielle's Story

70% of people over age 65 will need some type of long-term care. It can cost $70,000 a year and most insurance doesn't cover it. Watch to learn more.

Download a checklist (PDF, 185 KB) so you know what topics to discuss when you consult a professional.

Long-term care insurance may be an important part of your plan.

Long-term care insurance can be customized to cover the services you need in the settings that suit you best. Purchasing a policy when you are relatively young and healthy gives you the most options at the most affordable price.

Learn more about the Texas Long-Term Care Partnership and the advantages of Partnership-qualified policies.

Long-term care is family business. Make the talk part of your plan.

Talking about aging, finances, and health care is uncomfortable, awkward, and necessary. Discuss your plan and priorities with loved ones before a health problem occurs.

Download (PDF, 8 MB) Your Long-Term Planning Kit to learn more about how to talk with your family and what topics to cover.