According to a Genworth study, Americans are unprepared for the skyrocketing cost of long-term care, and expect the government to cover it. However, Medicare does not cover nursing home care except for limited stays after a hospital admission for only100 days. 70% of people 65 and older will need some kind of long-term care eventually. Who will pay for it and where will the money come from? Read: Why Buy Long-Term Care Insurance Now
Jennifer Lang Financial Services, LLC.