Wednesday, November 19, 2014

The Numbers behind Long Term Care







People are living much longer nowadays but instead of celebrating, a lot of people are worried about a longer life expectancy. Why? Around 70% of Americans who are 65 and above will require long term care.  The cost of care is expensive in nature and as a matter of fact the amount of money you’ll spend annually is around $87,000. There are different payment options available like paying out-of-the-pocket, Medicare, Medicaid or by purchasing insurance for long term care.

 

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