Long Term Care

A loving daughter visiting her elderly father in his room at a long term care facility.

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)