When you're taking care of everyone else – who is taking care of you?
This week, Regina goes deep on women as caregivers and how the "sandwich generation" strain shows up financially, emotionally, and physically.
Both for yourself and for loved ones, there needs to be a plan for long-term care (LTC) with clear-eyed costs, coverage myths (hello, Medicare), and policy options (traditional vs. hybrid; reimbursement vs. cash-indemnity).
You'll leave with concrete next steps a new understanding of how to navigate this tricky aspect of life.
Episode Highlights:
0:00 - Episode beginning
0:38 - Today's topic: caring for women caregivers
2:24 - The "sandwich generation" reality
3:07 - Burnout, time strain, mental health
4:52 - How it hits women; key stats & income impact
8:19 - What LTC means; ADLs & cognitive impairment
11:34 - Care options: adult day, home care, assisted living, hospice, nursing home
15:11 - What it costs (2023 figures)
20:18 - Paying for care: self-funding & Medicare limits
21:27 - Insurance types: traditional vs. hybrid (premiums, increases)
25:47 - Reimbursement vs. cash-indemnity—how payouts work
29:11 - When to buy, budgeting, choosing a carrier & action steps
33:32 - Outro & where to find Regina
ABOUT REGINA MCCANN HESS
Regina is the author of Super Woman Wealth: How to Become Your Own Financial Hero. As an advocate for women's financial freedom, she wrote this book to help empower women to take a bigger role in handling their money.
Regina has appeared on Schwab TV, Yahoo Finance, Forbes.com, NTD Television, CBS 3 Philadelphia, Fox 29 Philadelphia, King 5 Seattle, KTLA 5 Los Angeles and Scripps News. She has also been quoted in numerous articles in publications such as Forbes, Business Insider, U.S. News & World Report, Yahoo Finance, USA Today, USA Wire, Word in Black, WTOP News, Mind Body Green, Money Digest, New York Post, Defender, Authority Magazine, GoBankingRates.com, Scripps and The Muse.
As Founder of Forge Wealth Management, Regina utilizes her 25+ years of financial services experience to help individuals plan, preserve and diversify their wealth. She focuses on educating her clients while building long-term relationships with them and their families. Her experience throughout major shifts in the markets, enables Regina to structure balanced portfolios to address specific financial goals.
CONNECT WITH REGINA
Website: https://www.forgewealth.com
LinkedIn: https://www.linkedin.com/in/reginamccannhess/
Facebook: https://www.facebook.com/ForgeWealth
Instagram: https://www.instagram.com/forgewealthmanagement/
YouTube: https://www.youtube.com/@ForgeWealth
Email: reginahess@forgewealth.com
Securities offered through LPL Financial, Member FINRA/SIPC www.finra.org, www.sipc.org
Third-party posts found on this profile do not reflect the view of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
For a list of states in which I am registered to do business, please visit www.forgewealth.com.
This material was prepared by Brighthouse Financial. Brighthouse Financial is not affiliated with, nor endorsed by, LPL Financial, Private Advisor Group or Forge Wealth Management.
