Cost of Long Term Care
Depending on where you live in Canada, the current cost of private health care can range between $2800 to $9000 per month. This will depend on the amount of care required, the quality of the facility and the area you live in. Metropolitan areas generally will cost more than smaller communities.
Today, the costs of home care will vary, based upon the number of services the health care provider performs for you and the length of time spend in your home.
These costs can be devastating to your retirement savings and other assets you have accumulated. Chances are you had these assets earmarked for other things, like travel, helping your children/grand children or your preferred charity.
The question then becomes; how to pay for these costs with the least amount of disruption to your plans. What are your options?
Link to Long Term Care Costs - by Province:
http://www.rbcinsurance.com/salesresourcecentre/cid-209639.html#5