Long-term care insurance, or LTC, is an issue that many aging, retirees, and families are concerned about. Often the cost of nursing homes or home aids creates a financial strain on families. A private room in a nursing home costs $219 a day ($79,935 a year). Assisted living facilities cost $37,572 a year (AARP). Long-term [...]
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According to the Kaiser Family Foundation, “Financing care for future generations is perhaps the greatest challenge facing Medicare, due to sustained increases in health care costs, the aging of the U.S. population, and the declining ratio of workers to beneficiaries.” From 2010 to 2030, the number of people on Medicare is projected to increase from [...]
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