It’s Long-Term Care Insurance Awareness Month. Stop! Before you come to the rash conclusion that “It’s nursing home insurance for old people. I don’t need that!” please just spend two minutes with this video. (And know that 80% of people who need care get it in their home!)
Here is some additional information about long-term care and long-term care insurance that you may not know. These facts are “tweetable,” meaning you can simply click on them and they’ll generate your tweet for you. Spread the word!
70% of people 65+ will need long-term care at some point in their lives. #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
Women outlive men by 5 years, so are more likely to live alone when they’re older. #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
Medicare doesn’t pay for unskilled help with Activities of Daily Living, which are most long-term care services #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
Women need long-term care longer (3.7 years) than men (2.2 years). #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
20% of today’s 65 year-olds will need long-term care support for 5+ years. #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
80% of long-term care at home is provided by unpaid caregivers who spend 20 hours/week. #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
58% of long-term care caregivers have intensive responsibilities like assisting with bathing or feeding #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
8% of people ages 40-50 have a disability that could require long-term care services. #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
69% of people age 90+ have a disability. #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
Chronic conditions like diabetes and high blood pressure make you more likely to need long-term care. #ThinkLTCI Share on X (Source: U.S. Dept. of Health & Human Services, 2017 longtermcare.gov)
Cost of a home health aide services is $21.50/hour on average. Share on X (Source: Genworth 2017 Cost of Care Survey)
Cost of assisted living facilities is $123/day or $3,750/month on average. Share on X (Source: Genworth 2017 Cost of Care Survey)
Adult day health care services are $70/day on average. Share on X (Source: Genworth 2017 Cost of Care Survey)
Semi-private room nursing home care is $235/day or $7,148/month on average. Share on X (Source: Genworth 2017 Cost of Care Survey)
Private room nursing home care is $267/day or $8,121/month on average. Share on X (Source: Genworth 2017 Cost of Care Survey)
