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Will You Really Need Long-Term Care? The Odds Are Higher Than You Might Think

July 8, 2021

From the Money website

An average healthy 65-year-old couple has a 75% chance that one partner will require significant long-term care in later life and a one-in-four-chance that both will need such care, according to a new report that aims to quantify one of the biggest wildcards in retirement planning.

Some people die without needing any care in older age, while others (dementia patients in particular) need assistance for years. For most older adults, the reality lies somewhere in the middle, according to the report by HealthView Services, a Danvers, Massachusetts-based company that provides health care cost data to financial advisors.

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