Navigating Long-Term Care Insurance Costs: What You Need to Know

As we age, the likelihood of needing long-term care increases. Whether it's in-home care, assisted living, or nursing home support, these costs can quickly escalate, placing a heavy financial burden on you and your loved ones. But it doesn't have to be this way. The right long-term care insurance plan can safeguard your future, ensuring you get the care you need without draining your savings.

Did you know that almost half of men (49%) and nearly two-thirds of women (64%) who reach age 65 will need significant long-term care? This striking fact, from a 2022 Department of Health and Human Services (HHS) study, highlights that while many rely on unpaid care from family and friends for support, many still require paid assistance to meet their needs.