70% of Seniors Will Face This Giant Expense -- and Many Are Unprepared

70% of Seniors Will Face This Giant Expense -- and Many Are Unprepared
·3 min read

Now it's hardly a secret that medical costs tend to increase with age. Not only does Medicare not pick up the tab for common services like eye exams and dental care, but it also won't cover a major expense that can wreak havoc on seniors' finances -- long-term care. Last year, the annual national median cost for an assisted living facility was $54,000, according to Genworth.