Nursing Home and Medicare Supplements are two of the most important investments you need when planning your retirement. Each one individually could possibly exhaust all your retirement funds if you do not have a good plan in place.
Medicare Supplement core benefits are all the same per plan. However, the rates charged by each company can and do vary greatly.
Nursing Home insurance is needed to protect your assets. Most Nursing Homes in this area charge approximately $140 per day for room and board. That equals $51,100 per year. The national average of time spent in a nursing home is 2.5 years, which would equal $127,750. With Nursing Home Insurance coverage, you can protect your assets to be used any way you wish, rather than paying it to the Nursing Home.
