Preparing for Long-Term Care
Did you know that Medicare typically doesn’t cover nursing homes or any in-home care? According to statistics, someone turning 65 today has almost a 70% chance of needing some type of long-term care assistance.1 This includes self-reliant activities such as bathing, eating, getting dressed, using the bathroom, and even getting out of bed. Costs for these types of support services can cost up to $100,000 annually.2 Long-term care insurance, or LTCI, can help cover these expenses so that you can preserve assets for other goals such as your retirement. When considering LTCI, here are some factors to keep […]