Advance Planning for Eldercare Saves Money, A New Study Shows

October 31st, 2013

By AARP

When it comes to planning for long-term care, the early bird does get the worm, according to a new  study : The report shows that families who anticipate their needs can save close to $11,000 a year in out of pocket expenses by planning in advance instead of waiting until a crisis.

What’s more, 38 percent of family caregivers and 35 percent of care recipients in the study, commissioned by the insurance company Genworth Financial, believe that they could have avoided much of their stress if they had sought care sooner.

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