Melissa is an experienced writer and editor, as well as the owner and founder of CollegeMoneyTips.com and MB Writing and Editing. Formerly the editor at Benzinga Money — your go-to hub for all things investing, insurance, mortgage, personal finance, and education — her work has also been featured in MSN Money, Yahoo! Finance, The Journal of College Admission, and more. She writes fresh, thought-provoking content (with a touch of humor) about topics in personal finance, higher education, and travel.
For most Americans, the cost of assisted living is just too expensive at face value. But with the proper planning and a little creativity, it is possible.
Coinsurance generally looks like a fixed percentage, or a percentage of the total cost of care, usually 20% or 30%. Your insurance company covers the rest.