Liz Weston: What will long-term care cost you?

– Overall, half of people over 65 will incur long-term care costs, and 15% will incur more than $250,000 in costs, according to a study by Vanguard Research and Mercer Health and Benefits. MEDICARE WON’T HELP

Many people are frightened of long-term care costs – for good reason. Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need.

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– Overall, half of people over 65 will incur long-term care costs, and 15% will incur more than $250,000 in costs, according to a study by Vanguard Research and Mercer Health and Benefits.

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By LIZ WESTON of NerdWallet June 03, 2019 06:52 AM. Many people are frightened of long-term care costs – for good reason.

Overall, half of people over 65 will incur long-term care costs, and 15% will incur more than $250,000 in costs, according to a study by Vanguard Research and Mercer Health and Benefits.

Many people are frightened of long-term care costs – for good reason. Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need.

Many people are frightened of long-term care costs – for good reason.Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need.

The Center for Retirement Research at Boston College hasn’t updated its figures recently, but back in 2010 estimated a typical couple could spend $260,000 for medical and long-term care, with a 5%.

– Overall, half of people over 65 will incur long-term care costs, and 15% will incur more than $250,000 in costs, according to a study by Vanguard Research and Mercer Health and Benefits.

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Many people are frightened of long-term care costs – for good reason. Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need assistance for an average of 2.2 years, while women will need it for 3.7 years, according to the U.S.

What will long-term care cost you? FILE – This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File.

FILE – This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance. that adult children are often the ones pushing the move into long-term care facilities.