Some 70 percent of people over 65 will require long-term care services -- including assisted living, nursing home or home care -- during their lifetime, according to the U.S. Department of Health and Human Services. Costs, on average, range from $4,000 to $8,000 per month.
For consumers who can't afford to self-insure against big costs like that, there are few alternatives. Medicare doesn't
cover such expenses, and individuals with more than $2,000 in assets can't qualify for Medicaid assistance.
However, you do have some options. To find out what they are, click here:
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