Rising Risk of Long-Term Care Crisis in the US as Baby Boomers age.
The Medicaid system covers long term care, but it is available only to those who have no financial resources or who have fully exhausted them. It also generally pays only for care in nursing homes — an extremely unpopular alternative for virtually everyone — and not the nursing homes that cost $100,000 for a room.
Read the linked article for what’s next in your life. At this time next year you may wish you had done something about it this year! Read more: Baby Boomers Raise the Risk of Long-Term Care Crisis