surprising facts about the long-term care

Did you know that ...

At least 70% of people over 65 need care services long term and support to some. point in their lives
(Source: 2015 Medicare & You, Centers for Medicare & Medicaid Services)

Approximately 68% of residents in nursing home and 72% of assisted residents are women
( . Source: long-term US care: 2013 Overview, National health Statistics Center)

national median daily rate in 2014 for a private room in a house nursing was $ 240, an increase of 4.35% from 2013.
(Source: 2014 Survey Genworth Cost of care, March 2014)

the average length of a stay in the nursing home is 835 days or more than two years. But I had many parents, both with alzhiemers, who were in homes for five years
(Source: Centers for Nursing Home Care FastStats Disease Control and Prevention, last updated in May 2014).

During a median daily rate of $ 240, an average stay of 835 days of nursing home now costs over $ 0,000, making it virtually unaffordable for many Americans. (The average hotel room is only $ 121 / day!)

Medicare does not pay for long term care, as explained by the administration of social security: "Social Security payroll retirement, disability, family and survivors. Medicare, a separate program administered by the Centers for Medicare & Medicaid Services, helps pay for inpatient hospital care, nursing, physician fees, drugs and other medical services and supplies to the people of 65 and over and to persons who have received social security disability benefits for two years or more. Medicare does not pay for long term care , so you may want to consider options for private insurance (emphasis added). "

Without proper planning, a serious accident or illness could deprive you of your financial independence. Whether bought for yourself, your spouse or elderly parent care insurance long term may help to protect assets accumulated over a lifetime against the ravages of the costs of long term care.