Unplanned LTSS Costs Pose Risk To Retirement Income

As adults in the U.S. age, the risk of needing long-term services and supports (LTSS) is one of the most significant threats to retirement-income adequacy, according to an analysis by Morningstar, an investment advisory firm. LTSS include a range of services that assist individuals with functional limitations on their ability to carry out daily activities. The researchers noted that Medicare does not cover long-term care, and that private insurance coverage is rare. They recommend a combination of policy reform and better planning so that individuals do not have to rely on unpaid family caregivers or spend . . .