Research Projects $85,000 in Long-Term Care Costs
Fidelity Insurance plans to release a study today recommending that the average American save $85,000 to cover long-term care expenses in their retirement, including home health care and nursing home costs. In March, Fidelity projected that retirees would need $225,000 on average for other health care expenses.
- "Save $85,000 for Long-term Care, Fidelity Says" (Jewell, AP/San Francisco Chronicle, 6/26).