Long-term care costs

Healthcare is often the largest expense most retired individuals will face. As medicare fails to cover many necessary expenses including long-term care, it can become dangerously easy for the average American to drain through their own savings and funds. A semi-private nursing room alone can run on average $6,845 a month and a private room about $7,700. The prices within varying room and facilities differ slightly, however they are all quite steep. Dependent on how many hours or years of care are needed, these costs can certainly add up and[…]