Importance of Long-Term Care Insurance for Seniors Increasing
Importance of Long-Term Care Insurance for Seniors Increasing

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This week, the Social Security Trustees’ annual report indicated that Social Security may need to implement cuts by 2035. This could occur a year later than initially estimated, but would result in a 17% reduction in monthly payments. Such cuts would significantly impact the 70 million Americans currently relying on Social Security benefits. It is crucial for American seniors to closely examine their financial situation and determine whether they have sufficient funds to cover long-term care costs. In this context, long-term care insurance emerges as a reliable option worth considering.
Source and Details: CBS News

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