Long-Term Care: Challenges and Changes

Learn to navigate the costs, shifting coverage options, and insurance policy features.

No one really likes to think about needing long term health care services. But the reality is that each year, an estimated 12 million Americans need some type of long term care.

Are you prepared? According to the Department of Health and Human Services, the average use of long term care services is three years.2

Long term care is a key risk to your retirement plan, and you need to plan for it. It will affect you and your caregivers financially, physically, and emotionally. Having a plan to address these concerns is critical to easing the burden of this risk on you, your family, and your friends. Indeed, 51% of caregivers said providing care reduced the time they spent with their children and spouses/partners as well as time to take care of themselves.

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