Hidden Casualty Of Economic Slide: Long-Term Care Health Coverage

Many Americans have lost more than just retirement savings amid a year-long economic meltdown that has sliced the U.S. stock market’s value by nearly half in a little over a year, a University of Illinois elder law expert says. Law professor Richard L. Kaplan says many older investors also may now be short of funds for costly long-term medical care such as nursing homes if their health fails during their golden years.

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Filed under: Caregivers on December 11th, 2008