75% of people over age 65 will eventually need long-term care.

​Long-term Care is insurance that helps with medical and non-medical needs for those with chronic illnesses or disabilities. It provides coverage in the event that your client may someday not be able to take care of themselves. Long-term Care insurance helps cover costs for care providers and support services. Below is the national average for costs. Medicare does not pay for non-skilled assistance and with daily living expenses. Medicare only pays for Long-term care if your client requires skilled services or rehabilitiative care.

Annual Median Costs for 2020

  • In-Home Care
  • Community & Assisted Living
  • Nursing Home Facility
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​Homemaker Services
$53,768
$62,332*
Home Health Aide
$54,912
​$63,658*
​Adult Day Health Care
$19,240
$22,304*
Assisted Living Facility
$51,600
$59,819*
Semi-Private Room
$93,075
​$107,899*
Private Room
$105,850
$122,709*
Genworth's Cost of Care 2020
*Projections for 2025 - 3% inflation

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