Does Your Financial Plan Have The Flexibility To Absorb Health Care Costs?

One of the most common events to disrupt a retirement plan is the need for long-term care for self or for aging parents. According to the Canada Life and Health Insurance Association (CLHIA) three quarters of Canadians admit they have no financial plan to pay for long-term care if they need it (Leger Marketing Survey conducted on behalf of the CLHIA). Does your written financial plan make provisions for long-term care? Or for medical costs that are not covered by an employee sponsored...