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A long-term care insurance coverage policy doles out cash to assist cover the expenses of nursing house care, an assisted living facility or at-home help if you're no longer in a position to look after your self.

The allure of long-term care is apparent: It is the uncommon bird (or infant boomer) who does not be concerned about how she or he will afford care later on. And if you are counting on Medicare, you are out of luck. Medicare does not provide extended long-term care coverage. (Medicaid does, but only extremely low-income retirees are eligible.)

Long-term care insurance coverage is extremely costly (the annual premium can effortlessly be $2,500 or much more a year) and numerous insurers have jacked up initial premiums by 20% or much more more than the previous decade.

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