Studies show women use more long-term care services than men, yet a new AARP survey revealed many women are NOT financially prepared for future health care needs.
According to the survey of women ages 45 to 64:
59% haven’t determined how they’ll pay for long-term care needs.
40% don’t know long-term care costs more than nursing home care.
Only 23% know they’ll likely have to pay for future care needs with personal savings because Medicaid and Medicare DO NOT cover long-term care.
Source: AARP
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