Price of Long-Term Care Drops

In 2014, the price of long-term care is apparently dropping, at least if you are a 55 year old male according to a recent report, explained by ElderLawAnswers.com. Elder planning is very important, as costs of nursing homes, assisted living facilities, CCRC’s and home health care continue to rise at a higher rate than inflation. 

Prices of long-term care insurance will vary from state to state and depend upon many factors, including age, health, etc. 

There are also other alternatives to traditional long-term care insurance, such as Life Insurance with Accelerated Death Benefits (also known as long-term care riders).

Elder planning and long-term care planning are both an essential part of a good estate plan.

For more information, read the article here