Long-term care insurance protects you in the cases of longer-than-anticipated medical stays, such as extended hospital visits and hospice care. Because these lengthy stays can be unexpected, they’re often more impactful on your resources. And, as healthcare costs continue to rise in the United States, so, too, do the costs of long-term care.
Too many retirees get caught having to pay for expenses they didn’t anticipate. But a solid long-term care strategy can head off the worst and keep you from eating into your principle.
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