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With more people in America living longer, the demand for long-term care is expected to rise dramatically in the coming years. Here are some key facts on a little-known aspect of End-of-Life planning.
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S O L U T I O N :
Buy Long-Term Care Insurance
Long-term care
insurance
Long-term care
costs
Buy early, in your 50s or 60s.The younger you
are, the less
expensive it will be.
$3,000
$7,000
a mont h a year
$1,000
$2,000
costs
to to
Fewer than 8% of Americans
Who has Long-Term Care Insurance?
Simpl i fy ing End-of-Li fe Management
of long-term care is paid by Medicaid...
but to qualify you must spend-down your savings.
66%
Who Covers Long-Term Care Costs?Many think general health insurance or Medicare
covers it. Reality is neither covers traditional care.
2010 2030 2050
5.5
8.7
19Who is Most Likely to Need LTC?
Number of Americans 85 and older:
.
Nearly 70% of Americans over 65 will require some form of it
Who will Need it?
• 5.5 million in 2010
• 8.7 million in 2030
• 19 million by 2050
With more people in America living longer, the demand for long-term care is
expected to rise dramatically in the coming years. Here are some key facts on
a little-known aspect of End-of-Life planning.
U N D E R S T A N D I N G L o n g - T e r m C a r e
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