National Average Yearly Cost
for an In-Home Health Aide
National Average Yearly Cost
to be in an Assisted Living Facility
National Average Yearly Cost
for a Private Nursing Home Room

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

Typical LTCi Buyer
​

​Female, Caucasian, age 55 to 64

Married with adult children

Working in a white-collar profession; not yet retired

College educated

A homeowner with 11 or more years in current residence

Affluent, upper middle class 

A “planner” who is interested in financial issues

Family oriented

Knows someone who has needed LTC services

​Research oriented, online user, self-educated about LTCi
Source: Mutual of Omaha LTCi Consumer Study

Long-term Care Carriers We Represent