Inflation drives long-term care costs even higher.

Here’s how planning ahead can help families afford it

KEY POINTS

High inflation will likely make the rising costs more difficult for many families to afford already expensive long-term care for ailing or elderly relatives.
On average, long-term care costs $50,000 a year at home and $100,000 in a nursing home, according to LTCG.
For a new policy with a $165,000 benefit, a healthy 55-year-old could pay $45,000 in premiums by the time they turn 85

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