For clients entering retirement this is often the most daunting concern: How to guard against a financially ruinous health-care crisis, over and above the already staggering cost of health insurance.

It’s a fear based in reality. Fidelity Investments estimates that the average couple retiring in 2013 will spend about $220,000 on medical care. Meanwhile, almost 70% of people age 65 will eventually require some level of services to meet their personal care needs over an extended period of time, according to the Centers for Medicare and Medicaid Services.

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