To Prepare for Long-Term Care

Prior generations did not have to deal with the costs of long-term care, but we must. The median annual cost of a private room in a nursing home now exceeds $83,000, according to the Genworth 2013 Cost of Care survey; neither your health insurance nor Medicare will pay for it. The result: A growing number of senior citizens today are supported by others because they don't have the money to care for themselves.

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