How to invest money for long-term care

Which account makes the most sense as a receptacle for out-of-pocket long-term-care costs?

A woman uses a walker as she exits an assisted living building, July 4, 2025, in Boca Raton, Fla. [Photo: AP Photo/Rebecca Blackwell, File]

I’ve written about how to decide how much to set aside for long-term care expenses for people who have decided to forgo insurance. But where and how should those funds be invested?

Where to invest for long-term care

You don’t have to maintain a separate account for your long-term care fund, but you do need to let your loved ones know of its existence.

The question is, which account makes the most sense, from a tax perspective, as a receptacle for out-of-pocket long-term care costs?

A health savings account might look like the obvious choice.........

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