2011 Cost of Long-Term Care Study Releases Findings
|John Hancock Financial (John Hancock) recently announced the results of its 2011 cost of care study, which found that long-term care (LTC) costs have continued to increase, but not as much as other goods and services.|
The study surveyed more than 11,000 providers, including nursing homes, assisted living facilities, and home health care agencies, in key cities across the country.
Its findings revealed that:
Hey folks. It ain’t cheap and as I have been harping on you, paying for it will ultimately be your responsibility. Start researching long-term care insurance options as well as a little know Assurance Benefit that can convert your life insurance into a long-term benefit. Look for a detailed blog on that in the future.
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