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Stock impact report

The Expense Retirees Always Underestimate — and It's Costing Them Thousands [Yahoo! Finance]

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: Yahoo! Finance
They calculate their costs based on the life they've led or want for their golden years. Check Out: 4 Retirement Expenses Boomers Didn't Plan for — but Should Have Read Next: Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why But there's one expense that many retirees tend to underestimate or not even plan for at all: healthcare, especially long-term care Medicare Doesn't Cover Everything A big reason for the surprise is that many people assume Medicare covers everything. It doesn't. Medicare pays for hospital stays, doctor visits, qualifying short-term stays in a nursing home and some prescription drugs, but it won't cover most long-term care. If you live alone and get to the point where you need someone to care for you every day, you'll need to pay out of pocket for that. Long-term care is expensive . Nationally, it costs almost $78,000 a year for a home health aide and $127,750 for a private room in a nursing home for the t Show less Read more
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