Long-term care insurance
Long-term care insurance* protects your family from the high cost of long-term nursing home or home health care.
Did you know that health insurance and Medicare don’t pay for the majority of long-term care services? That’s why it might be worth considering purchasing long-term care insurance. The likelihood that a person will need long-term care is significant, and its costs can have a devastating impact on a family’s savings.
Long-term care can be provided in a patient’s home, an assisted living facility or a nursing home. Costs for long-term care are significant. Below are national averages** for several types of care:
|Home health aide||$21 per hour|
|Assisted living facility||$3,293 per month|
|Skilled nursing facility (semi-private room)||$6,235 per month|
* Long term care insurance products are sold through a third party brokerage arrangement
* longtermcare.gov/the basics