News Headlines Article

Long-term care insurance: It’s now or never
The Union

According to government sources, 75 percent of people 65 or older will need long term care at some point in their life.

With the baby boomers turning 65 in two years, that is a very expensive and worrisome proposition for families and the nation as a whole. Long-term care cost has been rising faster than inflation and can cost between $72,000 and $100,000 per year in a nursing home, with home care only slightly cheaper.