Long-Term
Care

70% of all Americans who live to age 65, will require some form of Long-Term Care.

U.S. Department of Health and Human Services, 2019

 

Let’s look at a few statistics.

  • 70% of all Americans who live to age 65, will require some form of Long-Term Care.

  • The average stay in a Long-Term Care facility is about 2.5 years.

  • The average cost of a semi-private room in a Florida nursing home is over $8,000 per month, or about $95,000 per year.

  • Medicare doesn’t pay for Long-Term Care.

  • Many Baby-Boomers have had to deplete their retirement accounts to help pay for their parents’ Long-Term Care.

  • Long-Term Care insurance may be an option, if it is purchased while a person is still young and healthy.

  • Other insurance options may be more beneficial, depending upon a number of health and financial factors.

Long-Term Care is never easy, but it doesn’t have to be a financial disaster. Know your options and have your plan in place. Contact us for a free consultation.