Is Long Term Care Insurance part of your retirement plan ?  This helpful article from the Over 50 Website lists for us the real reasons why this type of insurance may work for some family budgets and not others.

Medicare only covers short term nursing care. Medicaid covers long term care, but has very strict income and asset requirements. Nursing homes in the US can charge $50,000 a year, or more. If you are a person with a lot to lose, it is a great idea to have a plan in place to protect your assets in case you need long term nursing care in the future.

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