Tag: long-term care
New study suggests a key reason is cognitive impairment. Long-term care is a substantial financial risk for most retired households. Yet few buy long-term care insurance. And, among those who do, more than one third with policies at age 65 will let their policies lapse before death, forfeiting all benefits. A new study by my…
Abstract The marked increase in male longevity and the shrinking gap in male-female life expectancy in recent decades should improve the financial outcomes of older women, but this improvement may be dampened if the growth in medical spending and the incidence of disability translates to living husbands burdening the family’s budget. Using the Health and…
