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Facing the Unbearable Cost of Care In less than two decades, the cost of care in the country will increase fourfold and one's retirement savings of $500,000 will only be sufficient for a year's stay in a nursing home. If past generations had the option not to purchase a long term care insurance (LTCI) policy, the baby boomers, Gen Xers and the Millennials are compelled to buy. Keywords: zyra scott, long term care insurance, long term care plans, long term care, ltc, ltci