Long Term Care
Long-Term Care Insurance can provide you and your family valuable coverage and protection from the financial impact of an injury, illness, mental deterioration, or advancing age.
Long-term Care Statistics
- 40% percent of people currently receiving long-term care are adults 18 to 64 years old
- By 2020, it is predicted that 12 million people will need long-term care.
- Approximately 70% of individuals over age 65 will require at least some type of long-term care services during their lifetime
- Over 40 percent will need care in a nursing home for some period of time
- Women need care for longer (average 3.7 years) then do men (average 2.2 years).
- 20% of today’s 65-year-olds will need care for more than five years
(Source: U.S. Department of Health and Human Services)
Long-term Care Costs
- The national average daily rate for a private room in a nursing home is $248, while a semi-private room is $222, up from $239 and $214 respectively in 2011.
- The national average monthly base rate in an assisted living community rose from $3,477 in 2011 to $3,550 in 2010.
- The national average daily rate for adult day services is $70
(Source: 2012 MetLife Market Survey)