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Does Medicare Pay For Long-Term Care? Don’t Make A Big Mistake!

January 28, 2020

The author addresses the a common mistake many seniors make: "Why do so many believe that Medicare pays for long-term care?"

According to the author, eventually, every one of us will need this care. Consider these statistics. 

  • A person turning 65 today has almost a 70% chance of needing some type of long-term care services and support in their remaining years. 
  • 20% of those turning 65 will need care for longer than five years. 
  • About 35% of people who reach age 65 are expected to enter a nursing home at least once in their lifetime.

But who pays for this?

https://www.forbes.com/sites/dianeomdahl/2020/01/14/does-medicare-pay-for-long-term-care-dont-make-a-big-mistake/#5b7f4e9811f3

 

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Mid America Mortgage, Inc.
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provide only high value reading and insight around the topic of reverse mortgages. Ultimately, it’s up to you to educate yourself on the topic and determine if a reverse mortgage is a good strategy for your financial retirement. Please enjoy the articles and I hope you learned something during your visit here. Cheers!
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