When Aging Parents Need Financial Help
Jamie Patrick Hopkins
As life expectancies increase along with nursing home costs, many retirees face the terrifying prospect of outliving their money. The American Association for Long-Term Care Insurance estimates that only about 8 million of 313 million Americans have long-term care insurance policies. And even those who have a policy may find that its benefits fall short due to inflation or policy limitations.
Johnston, Susan, "When Aging Parents Need Financial Help" (2014). In the News. 49.