Fortunately, there are a number of straightforward steps lawmakers, retirees, and young Americans can take to prepare for long-term care and ease the strain on the federal budget.

Explore what long-term care insurance is, how it works and what it covers. Here's all you need to know about this coverage option, according to experts.

A long-term care policy with a $165,000 benefit cost an average of $900 a year for a 55-year-old male in 2023, according to AALTCI, and $1,500 for a 55-year-old woman.

1. Opt for an annuity doubler. Rather than buying long-term care insurance by itself, you may want to purchase it as a dual product — meaning you're purchasing it with other types of coverage ...

Long-term care refers to help with daily living for people who are frail or disabled — bathing, dressing, using the toilet, preparing meals, shopping, walking and taking medications.

Paying for long-term care can bankrupt even middle-class people. Assisted living runs an average of $70,800 a year, according to a major survey of providers in 2024. A private room in a nursing ...