If not adequately planned for, a long-term care event can blow up a clients portfolio. But just how expensive is long-term care and what costs should you help clients anticipate?
The answers vary widely across the country, within each state and by the type of care needed, though the costs of all types of long-term care are rising steadily nationwide. In particular, the cost of care at nursing homes and assisted-living facilities is increasing faster than home-based care costs.
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