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Private Long-Term-Care Insurance: Weighing Benefits, Assessing Challenges and Financing

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Primary Education Topic: 
Aging in Community
Other Education Topics: 
Business & Aging
Caregiving
Health & Wellness
Legal & Ethical Issues
Policy and Advocacy

Paying for long-term services and supports (LTSS) continues to be one of the great financial risks facing Americans during retirement. The annual costs of care in a nursing home exceed $85,000, and homecare can cost upwards of $25,000 per year.

By Marc A. Cohen

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