Do you underestimate the cost of long term care? Studies have shown that most of us do. If you come to a point in your life where you require long term health care services, there is a good chance that you’ll have to pay for those services out of pocket. While some people may qualify for Medicaid, most will not. Federal programs, like Medicaid, and State programs, like the Older Americans Act, typically only cover those with the most crucial financial need. This leaves the rest of us to pay for our long-term care services out of pocket or through the help of families and friends. Below, we have detailed the average costs of Long Term Care in the United States.

• Semi-private room in a nursing home: $187 / day ($5,600 / month)

• Private room in a nursing home: $209 / day ($6,200 / month)

• One-bedroom unit in an Assisted Living Facility: $3,000 / month

• Adult Day Health Care Center: $59 / day

• Home Health Aide: $19 – $29 / hour

Although none of us can predict whether we will require long term health care at some point in our lives, it is always a good idea to be prepared. Long term care insurance will help you cover the cost of care. whether it is in your home or in a nursing facility. It will protect you and your family from spending significant portions of your incomes and/or retirement funds on this costly health care.  Please visit our Long Term Care page for detailed information on the Long Term Care insurance rate for your state. We will also provide you with a free Long Term Care insurance quote online in just minutes.

You spend your entire life working hard and saving money, with the dream of enjoying that hard earned money in the years after your retirement. Please don’t let the cost of Long Term Care ruin that dream.

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