Thinking about future needs for Long Term Care
Think Disruption
Financial Devastation
- Home health care for only 6 hours/day for 5 days/week cost $30,000 annually
- Assisted Living Care costs vary between $50,000 to $72,000 annually
- Nursing Home costs vary between $75,000 to $180,000 annually
Work-Life Balance
- Family caregivers are the majority of the nation’s 40 million unpaid caregivers
- More than 25% of these caregivers must leave their work
Stress Compounded
- Family and social ties strained
- Leisure and enjoy time curtailed
- Worry 24/7
- Some type of long term care services will be needed by over 70% of those over 65
- Women need care longer (4 years) than men (2.54 years)
- Over twenty percent of todays 65 year olds will need care more than five years
- Over forty percent of todays 65 year olds will require care in a Nursing or Assisted Living Facility
