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Stock impact report

Assisted living facilities vs. nursing homes: What to know about cost and care [CBS News]

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: CBS News
Financial Protection Bureau . That's because most are covered by Medicare, which has huge coverage gaps. Fidelity found a 65-year-old will incur an estimated $165,000 in out-of-pocket healthcare expenses during retirement. That's more than a 5% increase from 2023 and more than double the costs from 2002. Unfortunately, these numbers don't include one of the biggest expenses seniors face: Long-term care. Many seniors will require it during their life and Medicare rarely covers it. Long-term care insurance can pay. But you often must plan ahead to buy long-term care coverage before you become too old to qualify or premiums become too expensive While there are pros and cons of even the best long-term care insurance companies , older Americans should explore insurance before they need services. They'd also do well to look into options for getting long-term care services. Both nursing homes and assisted living facilities provide supportive solutions, but there are differences in cost Show less Read more
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