Tag: Reverse mortgage

Former CMS expert suggests taking out a reverse mortgage to cover gaps in LTC coverage

According to a 2019 study by Bankers Life, 56% of baby boomers mistakenly believe that Medicare covers ongoing long-term care. In an attempt to address gaps in LTC Medicare payments, former CMS technical expert Diane Omdahl recommends to Forbes that residents take out a reverse mortgage to cover gaps in care costs. “Let’s be very […]