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Americans underestimate the cost of long-term care - USA Today
Medicare and most health insurance, including Medicare Supplement Insurance (Medigap), don’t pay for long-term care. This type of care (also called “custodial care” or “long-term services and support”) includes medical and non-medical care for people who have a chronic illness or disability. According to a recent study, more than 80 percent of Americans will need that type of help at some point in their lives. Daniel de Vise, writing for USA Today, discusses how many older Americans underestimate long-term care as a retirement risk and what they can possibly do to mitigate the costs. Read Mr. de Vise’s article here…
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