Long Term Care Insurance
By the time you reach 65, chances are about 50-50 that you’ll require paid long-term care (LTC) someday. If you pay out of pocket, you’ll spend $140,000 on average. Yet you probably haven’t planned for that financial risk. Only 7.2 million or so Americans have LTC insurance, which covers many of the cost of a nursing home. assisted living or in-home care — expenses that aren’t covered by Medicare. Long-term care is an unsolved problem for so many people: explore your options.
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