72% of these adults (11.5 million people) will have less than $65,000 in income and assets, which is the average amount needed to pay for private assisted living and medical care.
“What we are envisioning at this point is a brief and mild recession. Once that period elapses, the U.S. economy should start to expand again toward the second half of 2023.”
These plans are often used to control premium costs, drive desired behaviors or to reduce the impact of a high deductible.
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