RICHMOND, Va.--(BUSINESS WIRE)-- The cost of long-term care services increased across all provider types in 2021 and increased more substantially for certain settings, according to Genworth’s 18th ...
Many older adults have concluded that they’re better off covering long-term care expenses out of their own pockets if they end up needing it. Years of rising premiums on long-term care insurance, ...
“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ...
Demand and costs for care are rising at the same time that a labor shortage threatens to worsen. How can you plan for this need now? By Mark Miller Samir Shah is a forecaster — but he’s an expert on ...
Forbes contributors publish independent expert analyses and insights. I cover tax, budget and retirement policy from Washington Three things are true about long-term care, though many Americans don’t ...
Most Americans think Medicare covers long-term care, the regimen of daily help that many seniors will eventually require. It does not. That basic misunderstanding has retirement experts worried. It ...
About 80% of 65-year-olds will need some form of long-term care, according to the Center for Retirement Research at Boston College. Even a strong retirement savings plan can be derailed by an ...