Have you considered purchasing long-term care insurance? This type of insurance can help pay for the added cost of long-term care that most older Americans will face at some point. Long-term care insurance is commonly thought of as a way to cover the cost of nursing homes and assisted living communities, but the right policy can help you age at home, too with coverage for in-home health aides.
Coverage options may be more limited'If you consider that greater than 50% of those over age 65 will need care, that percentage will be much greater by the age of 80,' explains Bill Comfort, instructor and training director at Certification for Long-Term Care, a training company that certifies long-term care insurance agents.
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