Is there a way to plan for future health-care expenses? Adriane Berg, founder of Generation Bold and author of Bottom Line’s Aging for Beginners blog, offers some tips about how to best negotiate this issue. She cautions that long-term care is getting more expensive. Know your rights when it comes to Medicaid and Medicare as they cover a portion of these expenses. There also is single-premium long-term-care insurance, where the buyer pays a single deposit for this type of insurance, which is then returned if the care is not needed. Traditional long-term-care insurance is also available for younger individuals, and annuities can also increase your income in retirement. Finally, take preventive measures through self-care to prevent health-care expenses in the first place.

For more great tips from Adriane Berg, check out her Bottom Line blog “Aging for Beginners,” visit her website https://adrianeberg.me, or purchase her most recent book How Not to Go Broke at 102.