THE BROKERAGE RESOURCE

  • Contracting
    • Existing Agents
    • Licensing Tools
    • New Agents
  • Products
    • Ancillary >
      • Disability Insurance
      • Group Ancillary
      • Hospital Indemnity
      • Small Business Retirement Plans
      • Short-term Medical
      • Travel Insurance
    • Critical Illness
    • Dental, Vision & Hearing
    • Hybrid Life & LTC
    • Life & Annuities >
      • Annuities
      • Term Life
      • Whole Life
    • LTC & Care Products >
      • Long-Term Care
      • Home Care
      • Short-term Care
    • Medicare >
      • Medicare Advantage
      • Medicare Supplement
      • Part D
  • Carriers
    • Carrier Selection
    • Forms & Materials
    • Incentives & Trips
    • Webinars
  • Quoting & Apps
    • Electronic Apps
    • Medicare Center
    • Quoting Tools
    • Underwriting
  • Marketing
    • Brochures
    • Email & Mailers
    • Leads & Prospecting
    • Logos
    • Product Fact Sheets
    • Seminars & Webinars
    • Social Media
    • Websites
  • Tools & Training
    • Education & Training
    • Medicare Live
    • Secure File Upload
    • Tips of the Trade
    • Video Conference
  • Contact
    • About
    • Find Out More (FAQs)
    • Meet the Team
    • Testimonials
  • News
    • COVID19
    • Industry Resources
    • The Resource (Blog)
  • Contracting
    • Existing Agents
    • Licensing Tools
    • New Agents
  • Products
    • Ancillary >
      • Disability Insurance
      • Group Ancillary
      • Hospital Indemnity
      • Small Business Retirement Plans
      • Short-term Medical
      • Travel Insurance
    • Critical Illness
    • Dental, Vision & Hearing
    • Hybrid Life & LTC
    • Life & Annuities >
      • Annuities
      • Term Life
      • Whole Life
    • LTC & Care Products >
      • Long-Term Care
      • Home Care
      • Short-term Care
    • Medicare >
      • Medicare Advantage
      • Medicare Supplement
      • Part D
  • Carriers
    • Carrier Selection
    • Forms & Materials
    • Incentives & Trips
    • Webinars
  • Quoting & Apps
    • Electronic Apps
    • Medicare Center
    • Quoting Tools
    • Underwriting
  • Marketing
    • Brochures
    • Email & Mailers
    • Leads & Prospecting
    • Logos
    • Product Fact Sheets
    • Seminars & Webinars
    • Social Media
    • Websites
  • Tools & Training
    • Education & Training
    • Medicare Live
    • Secure File Upload
    • Tips of the Trade
    • Video Conference
  • Contact
    • About
    • Find Out More (FAQs)
    • Meet the Team
    • Testimonials
  • News
    • COVID19
    • Industry Resources
    • The Resource (Blog)

​LONG-TERM CARE

Education & Training

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 a chronic illness or disability. 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.
Service
2019
Time of study
2020
(at 3% inflation rate)
2045
(at 3% inflation rate)
Home Healthcare
$56,399.20
per year
​$58,091.18
per year
​$121,630.02
per year
Assisted Living Facility
$58,553.04
per year
$60,309.63
per year
$126,274.97
per year
Nursing Home
​(Semi-Private Room)
$89,899.20
per year
$92,596.18
per year
$193,875.83
per year
Nursing Home
​(Private Room)
$109,231.20
per year
$112,508.14
per year
$235,567.05
per year
 Mutual of Omaha Insurance Company's Cost-of-Care Study conducted by LTCG, 2019; released in April 2020
Picture
Picture

Long-term Care Resources

Managing Healthcare Expenses in Retirement >

Long-term Care Factors >

What Care Costs >

Enter code "lincoln" to view data.

LTCi Needs Calculator >

How Much Care Will You Need >

Connect

1480 Chapel Ridge Road
​Suite 200
​Apex, NC 27502


​800.928.4998
919.489.3600
​919.419.0401 (fax)

[email protected]

Products

​Ancillary
​Critical Illness
Dental, Vision & Hearing
Hybrid Life & LTC
Life & Annuities
​
Long-term Care
​Medicare

Quick Links

About
Brochure
​Carriers
Contact
Contracting
Directions
​FAQs
Marketing
​
News
​Privacy Policy
​
Quoting
​Terms of Service

Sign up for our emails.
The Brokerage Resource, LLC. © 2021
Leave us a review.
Subscribe to our blog.