Long-phrase care costs are high priced. Insurer Genworth’s 2021 Price of Treatment Study believed the median month-to-month expenses for care in numerous places through the U.S.
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Additionally, the expense of long-expression care insurance plan can be a deterrent to getting coverage. “Conventional strategies Possess a negative rap simply because there have already been a lot of hikes in premiums,” claims Matthew Sweeney, lifetime and prolonged-phrase care expert with Coverage Inc.
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