Someone turning 65 today has almost a 70% chance of needing long-term care at some point in their lives.1
You have dedicated a lot of time and resources into planning for retirement. Unfortunately, most people do not take the extra step in planning to address the need for long-term care. Having a plan in place now can help minimize the burden of long-term care on those closest to you. For example, the average cost of a Medicare-certified nursing home private room in Florida is $112,6392 per year.