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Important Facts to Know about Long Term Care Insurance
60% of people over age 65
will require long term care during their lifetime
Medicare and Medicaid will pay only a fraction of the costs of long
term care
One of our members has pointed
out that the average cost of nursing home care is now about $160 per day.
The average stay is 2 1/2 years, which translates to a total cost of nearly $150,000
per stay
!
1 out of every 2 people
that have a long term care policy use it. With Medicare and Medicaid only paying
a fraction, that leaves you responsible for the rest, $50,000 on average!
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