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AARP report shows that most older Americans do not understand U.S. long-term care financing system

According to a recent AARP study, most older Americans misconceive that government programs pay for nursing-home care. The study also showed that most have no idea how much long-term care facilities cost. It is important that people realize how costly long-term care is so that they can set plans in place in advance to prevent being overwhelmed in the future.

For the full report.