Long Term Care is one of the 3 biggest costs in retirement. Many people assume that Medicare or Medicaid will pay for your care but that’s not usually the case. 70% of people 65 and older will need some form of long term care in their lifetime and that financial burden is typically passed on to their family. Preparing now can allow you to relieve that burden and give you the ability to decide the type of care you want when/if that need arises.
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