Sunday, April 05, 2009
Long-term health care costs can put retirees’ plans at risk
The high cost of long-term health care will drag down the quality of life for nearly two-thirds of today’s retirees. It can cost $77,000 a year for a nursing home room and $20,000 for in-home care, expenses that many people are ill-prepared to absorb, said the Center for Retirement Research at Boston College. A new analysis shows that when the cost of health care and long-term care is included, 64 percent of retirees likely will be unable to maintain the lifestyle they had before retirement.... (David Pitt, Associated Press)
Labels: cost, lifestyle, long term care insurance, long term health care
Thursday, March 05, 2009
Almost 30% of Long-Term Care is Financed Out-of-Pocket, Report Finds
A new analysis by Avalere Health found that nearly 30% of long-term care costs are paid out-of-pocket -- a full 10% higher than amounts reported in widely used previous estimates. (PRNewswire)
Labels: Avalere Health, cost, long term care insurance
Monday, February 23, 2009
Consumers Beware: Long Term Care Can Be Pricey
The cost of long term care is not going down. Long term care insurance can help, but a policy must have enough coverage. (WRDW-Augusta)
Labels: consumers, cost, long term care insurance
