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Long-Term Care Insurance for Nursing Home Residents
One of the most challenging aspects of placing a loved one in a nursing home is planning how to pay for their care. According to the 2018 poll on long-term care trend, only 29% of Americans over age 40 had set aside funds to cater for long-term care expenses, and only 23% had tried to seek information regarding long-term care insurance. As per the National Bureau of Economic Research, only 10% of seniors have purchased a private long-term care insurance policy. Read on to learn more.