On average, the cost of nursing home care in the United States can range anywhere from 150$ to 300$ on a daily basis, which amounts to $80,000 per year.
On the other hand, the custodial home care expenditures can reach to more than 9,000$ per year. To address these financial issues, it is advised by many to get long-term care insurance. It is the type of insurance that will provide coverage for expenses related to long-term health care that are not normally covered by traditional health insurance.
Since buying long term care insurance is an expensive investment, you better do your homework first before getting a policy. Make sure the insurance provider you choose is financially stable and will be around when you need it in the future. It's a good idea to request different long term care quotes from various insurance companies. Reading customer reviews and ratings from various online resources is also recommended.
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