What Is Critical Illness Insurance and Is It Worth Buying?
| |

What Is Critical Illness Insurance and Is It Worth Buying?

Many employers offer critical illness insurance as part of their benefit package. What is this insurance and is it worth purchasing? Before paying for a plan, you should read the fine print and consider alternatives.  While a regular health insurance plan usually offers comprehensive coverage for all types of illnesses, many plans have high deductibles…

Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey
|

Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey

When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth’s 2019 Cost of Care survey. In the past year, the median annual cost for home health aides rose 4.55 percent to $52,624, while the median cost of a private nursing home room rose only 1.82 percent to $102,200.