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INCREASING PRICE FOR CARE

According to the Gentworth 2014 Cost for Care Study, the national average rate for a semi-private room in a senior living facility increased 2.26%, from $74,825 to $76,785 annually. At an average annual cost of more than $70,000 nursing home care is beyond the reach of most lower-income and even middle-income individuals and families, who would be unable to pay for care out of income and would quickly deplete accumulated savings.

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Ways to stay empowered to support the elderly.

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