Back in March we wrote about the potential long-term care crisis that could plague boomers during their later years.
The story was based on a study by the Center for Retirement Research at Boston College, which found that in over 300,000 simulations the average lifetime health care expenditure for a typical married couple at the age of 65 is $197,000. This figure covers insurance premiums, out-of-pocket costs, and home health costs. With nursing home costs included in the equation, that amount jumps to $260,000, with a 5% risk of exceeding $570,000.
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