The average cost for a day in a nursing home is well over $220 with an average stay of two and half years. Medicare does not cover long term care expenses including the cost of a nursing home, so how long can you afford to pay $6,000 out-of-pocket for this expensive care?
Explore a number of solutions to fund long term care including insurance, a reverse mortgage, selling your life insurance, and spending down to qualify for Medicaid.