Rising Long-Term Care Costs Strain Family Finances

The escalating costs of long-term care, now averaging $10,000 per month, are placing significant financial pressure on families. Many insurance policies fall short of covering these expenses, necessitating proactive planning. Families are advised to explore various strategies to better prepare for future long-term care needs, including reviewing insurance coverage, considering savings options, and understanding available support systems. Addressing these rising costs requires careful financial management and foresight.