The Dirty Dozen of Long-Term Healthcare Stats

1. 48% - The chance that you will need some type of paid long-term care services in your lifetime.¹
2. 70% - The chance that you will need some type of severe long-term healthcare need if you are 65 today.¹
3. 7 years - This is the average length of long-term care for a woman TODAY. Men—2.2 years, but don’t get excited yet. See #4. ²
4. 8 years - The is the average length of time after an Alzheimer’s Diagnosis. ³
5. 19 years, 3 months - this the longest claim paid for long-term healthcare. This was a man. ⁴
6. $2,636,417 - This was the largest claim paid for long-term healthcare…and 2019 was the last available information! ⁴
7. 42% - This is the percentage of long-term care costs Medicaid pays. ⁵
8. 200% - The increase in early-onset dementia or Alzheimer’s from 2013 to 2017 for Americans aged 30-64. ⁶
9. $115,544 - The median annual cost for the basic Home Maker and Health Aide services in Texas if you desire to remain in your home and receive care. ⁷
10. $193,336 - The median annual cost for the basic Home Maker and Health Aide services in Montana if you desire to remain in your home and receive care. ⁷
11. $116,800 - The median annual cost for a private room in a nursing home facility nationwide if you desire to remain in your home and receive care. ⁷
12. 8 million - The number of Americans providing care to a person over the age of 50 in 2020. ⁸

Have you ever thought about what it could mean for your family if you needed care? What decisions would need to be made? Who would make them? How would things look? What impact would this have on your spouse and kids?

It isn’t just about the money. It is about EVERYTHING it takes to support someone needing care—the who, where, how, what, when.

Would you rather make these decisions or leave these burdens to someone else? Don’t wait until it’s too late. Let us help you walk through the Quality-of-Life Planning Process™ to develop a true long-term healthcare plan. It is a gift beyond any measure of value for those you love the most! Call us today for more details.

1. https://aspe.hhs.gov/reports/what-lifetime-risk-needing-receiving-long-term-services-supports-0
2. https://acl.gov/ltc/basic-needs/how-much-care-will-you-need
3. Alzheimer’s Association. 2024 Alzheimer’s Disease Facts and Figures. https://www.alz.org/media/Documents/alzheimers-facts-and-figures.pdf
   
4. https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2019.php#2019end. November 2019
5. https://www.aplaceformom.com/senior-living-data/articles/long-term-care-statistics Sept 12, 2023
6. https://www.bcbs.com/about-us/association-news/early-onset-dementia-and-alzheimers-diagnoses-spiked-373-percent-generation-x-and-millennials
7. https://www.genworth.com/aging-and-you/finances/cost-of-care
8. https://www.caregiving.org/wp-content/uploads/2021/05/AARP1340_RR_Caregiving50Plus_508.pdf