Financing long-term care is a major and almost inevitable expense, which Americans must prepare for. The government can encourage long-term care planning by providing a tax-advantaged savings and investment option. This is the second of a series on financing long-term care in the US. In part one, we provided a brief overview of the long-term care landscape and the critical financing issues that the US faces. We also review how other countries finance long-term care. In the present and later posts, we examine the implications of various proposed funding options. We obviously have a preference: use health savings accounts (HSAs) to finance long-term care and we will explain why this is the best option.