Bobbi Hilton, 62 , is considering the purchase of a five-year long-term care policy. If nursing home costs average \$6,220 per month in her area, how much could she have to pay out-of-pocket for five years without long-term care insurance? What can Bobbi do to reduce the cost of this coverage? The amount Bobbi would have to pay out-of-pocket for five years of nursing home costs without long-term care insurance is $279,000. (Round to the nearest dollar.) To lower the cost of long-term care insurance, Bobbi can: (Select all the choices that apply.) Buy a long-term care policy as soon as possible before costs increase due to advancing age. Select a longer waiting period (time between nursing home admission and payment of benefits by the insurance company.) Cover the costs of nursing home care through a combination of self-insurance (if she can afford it) and long-term care insurance