There are many reasons why nursing home insurance is so crucial. Close to 70% of people reach age 65 will have need for some care in a nursing home, or something similar in their lifetime. The average stay in a nursing home is over two years. The average cost? Just under $178,000. Can you write a check for this? 40% … Read the rest
…After the stock market crash of 2008 and a collapsing housing bubble diminished the value of many nest eggs, the cost of long-term care is now a concern for many aging Americans.
A 2013 report by Genworth Financial, an insurance provider based in Richmond, Va., estimates the national median daily cost of a private room in a nursing home at … Read the rest