Study Reveals What Americans Pay for Long-term Care Insurance
What individuals pay for long-term care insurance can range significantly from about $700 a year to as over $13,000 per year according to a study from the American Association for Long-Term Care Insurance.
Individuals purchasing long-term care insurance paid as little as a few hundred dollars to as much as $13,000 a year according to a new report from the American Association for Long-Term Care Insurance.
“People are misled by reports that reflect averages and have the belief that this important protection is expensive,” explains Jesse Slome, Executive Director of the industry trade group. “Averages include costs paid by those who buy Cadillac plans of protection at older ages when the costs are extremely high. Averages do not reflect what most people pay.”
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