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Cost of long-term care: 3 expensive states vs. 3 cheap ones

Since long-term care can break the bank in a single year, depending on where a person lives, you need to pay attention to this factor when considering where to live in retirement.

By Marlene Y. Satter | Updated on April 25, 2016

Recent studies are showing that people just don’t get it when it comes to the potential cost of health care during retirement. And one factor they’re not considering is how much long-term care could cost them—particularly since it varies widely depending on where in the U.S. they live.

In an effort to make people more aware of the potential costs of long-term care—something that’s in very few retirees’ budgets—Lincoln Financial has launched a website that provides current national average costs for various levels of long-term care.

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