The high cost of long-term care

Source: Michelle Singeltary, Washington Post (Paid Registration)

Who doesn’t want a long life, right? But what if the longevity means spending down your money for long-term care? And that’s if you’ve been prosperous and have the funds to pay a facility or home health aide to care for you.

Genworth Financial recently released its 2018 Annual Cost of Care survey and found that the annual median cost of care now ranges from $18,720 for adult day-care services to $100,375 for a private room in a nursing home.

Here, readers share their long-term care experiences.

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