If it isn’t scary enough getting older…check out these statistics. Did you know the earlier you get a long-term care policy the cheaper it is?! We represent many fine long-term care companies, call us for a quote.
- Average life expectancy for a 40-year old: 78.7 years
- Average life expectancy for a 65-year old: 82.7 years
- Percentage of those now aged 65 who are expected to survive to age 90: 25%
- Percentage of those over 85 who need help with activities of daily living: 50%
- Average annual cost of a nursing home nationwide: $51,000 ($140/day)
- Average annual cost of a nursing home in urban areas: $73,000 ($200/day)
- Average length of stay: 2.3 years
- Percent who stay 5 years or more: 21%
- Percent of Americans who are expected to need long-tem care: 50%-60%
- Percentage of Americans who have ever purchased a long-term care policy: 6%
- Percentage of nursing home residents who exhaust their resources to pay for care: 50%
Sources: U.S. Census Bureau, National Center for Health Statistics, Health Insurance Association of America, and New England Journal of Medicine.
Click to view the Center for Long-term Care Financing Bullets
Additional information on Long-term care, locating providers and LTC Insurance:
Click here to locate and review quality of care indicators for Nursing Home Facilities
Click here to locate Residential Care Facilities & Adult Day Care Centers
