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Most people have misconceptions about how much it will cost to take care of them when they are older. According to one study, almost 70% of all Americans age 65 and older will probably need some form of long term care at the end of their lives. Timeframes for the need for long term care for most seniors vary from 3 to 5 years of care. With the average costs of a nursing home at $7,500.00 per year, this is a large bill for fam
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