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Understanding Long-Term Care

Understanding Long-Term Care

February 23, 2026

To help you better align your financial plan with paying for long-term care, it’s beneficial to understand what long-term care can include. 

Long-term care is usually defined as a series of ongoing services and support provided to a patient because of a chronic health condition or a disability. A patient needing care may need skilled, intermediate or personal care and those services can be provided through:
•    Assisted-living centers
•    Nursing homes
•    Adult daycare
•    Hospice
•    Rehabilitation hospitals

What’s important to remember is that all of these services can impact your retirement savings, so let's talk about your options.

Reach out to me today at (804) 600-5010 or kyle.e.murphy@lpl.com to request an in-person meeting or phone call.