Here’s a stunner: The average American underestimates the cost of in-home long-term care by almost 50 percent. That’s just one of the surprising, if frightening, findings in the Genworth 2016 Cost of Care Study released today.
What’s more, Genworth found, four out of five adults underestimate the costs of home health care in general. Home health care happens to be the most popular long-term care option — compared to institutional nursing homes and assisted living facilities.
Read Full Article »