Clare Ansberry

speaker

331 appearances 5 recordings 1 series first heard Aug 2020 last heard Sep 2024

Clare Ansberry’s voice in public audio — every appearance, attributed to the second.

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They plan, they may save.

Running out of money is a big concern.

The other concern is being a burden on family members.

So many people, their kids have their own careers.

They may not live nearby.

So they really don't want to impose on them.

Well, the cost of doing so has really soared in recent years.

It's now more than twice as expensive to pay for in-home care than the annual medium cost of a private room in a nursing home.

And it's really a matter of supply and demand.

The demand for in-home care has only increased because the population is getting older.

The fastest growing cohort is in their 80s.

And that group also needs the most medical care.

We're living longer, but we're maybe not living as healthy as we did.

And there's also not enough in-home care workers.

That's a career that has seen a lot of turnover increase.

since the pandemic, and it's traditionally been a low-paying career.

So we've got more people needing it and fewer workers.

Long-term care insurance can help, but there are limitations.

So you really have to check the policy.

Some may limit coverage, say, two to five years.

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