04 April 2007 13:30
How to buy long-term care insurance
Planning for your future involves more than saving in a 401(k). Consider insurance to provide for your health care needs.
NEW YORK (CNNMoney.com) -- It's no surprise that healthcare costs are soaring. The cost of a nursing home today is about $71,000 annually, or about $200 a day. The cost for assisted living is about $32,000 a year or $88 dollars a day.
And home care price tags are up about 13 percent. The average hourly rate for home health aides is about $25, according to a survey by Genworth Financial.
In today's top tips, we'll tell you what you need to know about long term care insurance.
1
(1 marks)