Nearly half of all Americans will need long-term care services at some point in the lives, and one in five Americans over the age of 50 is at a high risk of needing long-term care in the next 12 months.  The cost of long-term care services may surprise you.  

What is Long-Term Care?  

   Long-Term Care is assistance that is provided to people unable to perform the Activities of Daily Living (ADL's) that healthy people do on a daily basis.

The cost of Long-Term Care Services

The average yearly costs of the following services as provided by Met-Life.

• Nursing Home - $58,000
• Home Care - $23,000
• Assisted Living Facility - $28,500

By 2030, the estimated cost PER YEAR for Long-Term care is 190,600! 

Now that you are aware of the cost of long-term care services, and how these costs can impact your retirement savings, you should consider your options.  We represent all of the major LTC carriers and would be happy to talk to you about your long-term care needs.

Who pays for Long-Term Care Services?

LTC insurance is the ONLY insurance designed to help cover the costs of long-term care services.
Without it, you will most likely pay these expenses out of pocket. 

• Many people think that their health insurance will cover it, but health insurance is
  designed to cover acute health problems.

• Disability insurance is generally about replacing lost income and provides no long-term
  care insurance benefits.

• Medicare covers some care in Nursing Homes and at home, it does so only for a
  limited time and subject to restrictions.