70% of people over age 65 will eventually need long-term care.
Long-term Care insurance 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 rehabilitative care.
Annual Median Costs for LTC Services
Nursing Home Private Room
Nursing Home Semi-Private Room
Home Health Aide
Assisted Living Facility