It’s no secret that the cost of long-term care is on the rise. Inflation in particular is one major factor that is driving prices up. If you’re planning ahead for long-term care needs, it’s essential to factor these rising costs into your plans. By planning ahead, you can ensure you have the resources you need to cover your costs and avoid burdening loved ones trying to care for you.
The video below from CNBC highlights the struggle of one man with paying for his father’s care and offers advice on how to prepare!
You can read the full article here.