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.
National Median Costs for LTC Services
Private Nursing Home Room |
Semi-Private Nursing Home Room |
Home Health Aide |
Assisted Living Facility One Bedroom Unit |
$114,980.40 |
$100,202.40 |
$66,626.56 |
$63,336.60 |
Additional Resources
Managing Healthcare Expenses in Retirement >Getting Started with Long-term Care > |
LTCi Needs Calculator >What Care Costs >Enter code "lincoln" to view data.
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