I’m a huge fan of long term care insurance, but many people had never heard of it, or the policies were never affordable. The majority of boomers are not going to have policies, and that means a lot of people may need Medicaid to cover custodial care.

The question this week was, if one spouse is still healthy and the other needs custodial care, what can the healthy spouse be left with? Must they impoverish themselves to care for their spouse?

The answer- it varies by state. And it wouldn’t hurt to start checking in to your state’s programs now.