Financial Lives Episode 3: The Caregiver Conundrum
Chronic healthcare issues are not only challenging for the people diagnosed, but for the loved ones taking care of them. These emotional and financial challenges grow exponentially when medical coverage and healthcare-related debt enter the picture. This episode takes you inside the lives of three families experiencing the challenges of caregiving and attempting to navigate countless financial roadblocks as they plan for an uncertain future.
Learn about the financial and emotional challenges of healthcare-related debt for older caregivers and the loved ones they look after.
Episode Participants
Larry N, 73
Las Vegas, NV
Larry, a former bartender in the hotel industry, has had to come to terms with retirement and the loss of a steady income due to liver disease. He and his wife, Koren, are attempting to make the best of their golden years by enjoying their retirement community and relying on the kindness of neighbors.
Howard S, 81
Skokie, IL
Howard, a retired mail carrier, lives with his two adult sons, including his youngest son, a 42-year-old with mental and physical disabilities. While his home is paid off, increasing taxes and an extra life insurance policy that will help his son when he’s gone, means he has little leftover from his pension each month.
Valerie W, 57
Eutaw, AL
Finding love later in life was a blessing for Valerie, a 57-year-old resident of Eutaw, Alabama. But more than a decade later, Valerie finds herself as the main caretaker for her husband, a disabled Iraq War veteran who needs round-the-clock help.
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