It is estimated that over 40% of all Americans will spend at least some amount of time in a nursing home or other type of skilled living facility.
The average annual cost for a long term care facility in the United States is a little bit over $40,000 (with some areas of the county averaging as high as $60,000 per year).
Medicare and Medicaid combined will pay less than 5% of all long term care costs. Generally speaking only those who are fairly wealthy or have family that can take care of them (and don’t mind inconveniencing them in this way) do not need long term care health insurance.
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It is estimated that over 40% of all Americans will spend at least some amount of time in a nursing home or other type of skilled living facility.
The average annual cost for a long term care facility in the United States is a little bit over $40,000 (with some areas of the county averaging as high as $60,000 per year).
Medicare and Medicaid combined will pay less than 5% of all long term care costs. Generally speaking only those who are fairly wealthy or have family that can take care of them (and don't mind inconveniencing them in this way) do not need long term care health insurance.
http://www.HealthQuote360.com
http://www.LTCQuote360.com
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