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How can I make an informed choice when shopping for a retirement home?

Finding a good retirement home

Many people mistakenly believe that Medicare, which is administered by the Health Care Financing Administration, covers the costs of most long-term care services such as in retirement homes. In reality, Medicare only covers short- term, acute care during a hospital stay. Don't look to Medicare for financing a retirement home; you'll need to work out other forms of financing if you haven't saved enough by the time you need to find a retirement home.

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