Bobbi? Hilton, 62, is considering the purchase of a? five-year long-term care policy. If nursing home costs average $7,770 per month in her? area, how much could she have to pay? out-of-pocket for five years without? long-term care? insurance? What can Bobbi do to reduce the cost of this? coverage?
The amount Bobbi would have to pay? out-of-pocket for five years of nursing home costs without? long-term care insurance is $?
To lower the cost of? long-term care? insurance, Bobbi? can: ?(Select all the choices that? apply.)
-Cover the costs of nursing home care through a combination of? self-insurance (if she can afford? it) and? long-term care insurance.
-Buy a? long-term care policy as soon as possible before costs increase due to advancing age.
-Select a longer waiting period? (time between nursing home admission and payment of benefits by the insurance? company.)