A new report from consulting firm Milliman concludes that the average 65-year-old should set aside $135,000 to cover high-intensity long-term care in the future.

But averages can mask wide variation depending on gender, location and health.  

Women face significantly higher costs than men — an average of $171,000 versus $98,000 — largely because women live longer. Extended life spans increase the likelihood of requiring care for multiple years and women are less likely to have a spouse available to help for free, researchers said.

The rising cost of long-term health care and other living expenses are factors that reverse mortgage details ⇒

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