Baby Boomers are reaching retirement age in record numbers but many are not aware that the government provides little, if any support to their long-term care needs. Many boomers have experienced seeing their parents or other relatives live out their final years in a nursing home or home care situation.

According to the AARP the average annual costs for long-term care in the U.S. are:
• $66,792 for a semi-private room in a nursing home
• $75,192 for a private room in a nursing home
• $35,516 for care in an assisted living unit
These expenses can quickly deplete even...

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This entry was posted on Wednesday, March 10th, 2010 at 8:37 am and is filed under InsuranceAdvice. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.