Did you know...Nearly seventy percent of people over the age of 65 will require some type of chronic illness or long-term care during their lifetime?
Protect the Ones You love the most
Often, when people think about long-term care, they envision an elderly person in a nursing home. However, long-term care is important for people of all ages who have chronic health conditions or disabilities. These individuals may need help with activities of daily living such as eating, dressing, and bathing. They may also need assistance with transportation, grocery shopping, and housekeeping. Long-term care can be provided in a variety of settings, including the home, an assisted living facility, or a nursing home.
With the costs of this type of care rising over the last few decades, the average cost of Long-Term Care today is $5000-$10,000 per month. It’s easy to understand how, on average, 75% of single people and 50% of couples will spend their entire savings plus retirement within one year of entering a long-term care facility.
Many people who haven’t reached retirement age, or helped a loved one enter a care facility, don’t realize that Medicare does not necessarily cover all of the costs of the process and care.