Interview: Assisted living facilities vs. nursing homes: What to know about cost and care

I’m honored to be featured with Anthony Cirillo, a fellow of the American College of Healthcare Executives and president of The Aging Experience, in this article for CBS News Money Watch. Thanks to author Christy Bieber for the opportunity!

Bieber says, “Although 98% of seniors 65 and over have health insurance, close to four million have unpaid medical bills, according to 2023 data from the Consumer Financial Protection Bureau. That’s because most are covered by Medicare, which has huge coverage gaps. Fidelity found a 65-year-old will incur an estimated $165,000 in out-of-pocket healthcare expenses during retirement. That’s more…”

Continue reading this free CBS News article on the costs of long-term care: