Tag: long-term care
The brief’s key findings are: As people age and their health deteriorates, they begin to need more help with daily activities. While many formal long-term care services are available, cost concerns and personal preferences lead many to rely on informal care from adult children. At any given point, 6 percent of adult children serve as…
Is long-term care insurance a luxury product? Today, most policies covering home care and assisted living and nursing care facilities for the elderly are purchased by people with relatively high earnings, according to a new survey. Long-term care used to be insurance that the middle class would buy – either individually or through an employer,…
