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Long-Term Care Insurance Is Expensive : Long Term Care Insurance Network

Long-Term Care Insurance Is Expensive

By administrator | Dec 27, 2011

Long-Term Care Insurance Is Expensive
News from Huffington Post:

This may scare the bejesus out of you. And I hope so. Lately, I’ve been spending too much time in the company of boomers who act like we’re invincible.

According to a Met Life survey of long-term care costs, it will take more than $ 87,000 to spend a year in a nursing home, $ 42,000 for an assisted living place (plus a myriad of extras if you actually need any assistance with your living) and a death-defying $ 184,000 a year for home health aides working around the clock in eight-hour shifts if you delusionally think you can keep Mom or Pop at home. Oh, and p.s.: Eight out of 10 people over 85 will need this kind of help.

Got that much cash? Didn’t think so; few of us do.

What the Met Life study doesn’t say — this is the company whose spokesman is Snoopy, right? — is that getting old is not only hard on th…………… continues on Huffington Post

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