One thing we don’t realize we might need by the time we retire us health insurance. You might not know how to factor in the costs of the health insurance. You might end up spending thousands of dollars a month when you factor in doctor visits, medication, and various co pays. Long term care is best for those that are retiring because you may have to end up with nursing home care either at home, or in a facility.
Key Takeaways:
- Health care cost estimates will be high for those who are looking to retire this year.
- Long term care is better for those who want to retire because it could cover the nursing care costs.
- You should look at the funds you have saved up and make sure that you can live on that amount.
“Some people may want to enroll in long-term care insurance, especially if they have a family history of dementia or other debilitating illnesses.”
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