Medicare Won’t Pay for Long-Term Care: Why Retirees Could Face a $115,000-a-Year Bill
Medicare generally doesn't cover long-term care expenses.
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Why It Matters
Medicare, the health insurance for older people, doesn't pay for long-term care like nursing homes—so retirees might have to pay a lot of money themselves. This matters because it shows why people need to plan ahead and think about saving extra money for care when they get older.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.