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Ohio Long Term Care Insurance Cost Less Than Family Care!
Ohio Long Term Care Insurance could be a big money saver for your children.
If you are planning on your children taking care of you, or you are a child who thinks they are prepared to take care of your parents, be careful. MetLife recently released a study that considered the work time lost by the average child caring for an elderly parent. It isn't just the lost pay, but the decreased pension benefits, 401K contributions, and Social Secuirty. In the end, it turned out to be a total cost to the child of $304,000 on average.
So what would Ohio Long Term Care Insurance Cost?
A good Ohio Long Term Care Insurance policy would run between several hundred to several thousand dollars per year, but it would almost never come to $304,000! Now consider that 70%- 80% of people who reach age 65 will eventually need some Ohio long term care, and the insurance looks like a really good choice.