Eldercare · Video
3 Ways to Plan for Long-Term Nursing Care
With Colin Meeks, CFP® · Published January 7, 2026
What this one covers
Nursing care in Maryland routinely passes $10,000 a month, and families usually confront that number with no plan at all. In this video blog, Colin lays out the three broad paths for funding long-term care and the trade-offs each one carries.
The honest headline: every path works better the earlier you choose it. Insurance gets expensive or unavailable with age, self-funding needs a runway calculation, and Medicaid has a 60-month look-back that punishes last-minute moves.
Takeaways
- Run the care-cost runway before choosing a funding path; the number changes the conversation
- Long-term care insurance is a real option earlier in life and a narrowing one later
- Medicaid's 60-month look-back makes timing, not tricks, the heart of the strategy
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