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1-800-533-MAGA
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Long Term Care Insurance
▪ Group
Plans ▪
Medicare & Medicaid
Why Has the Need for Long Term
Care Insurance Increased?
- We are living longer
- Long Term Care costs are rising
- Women, often the primary caregivers, now work
outside the home
- As children age, they experience their own
health problems and become unable to care for their parents
- Families are more spread out
|
How Long
Could You Afford
To Pay For Nursing Home* or Home Care? |
|
Cost Per
Day |
Length of Nursing Home
Stay* |
| |
1 Year |
3 Years |
8 Years |
|
$100/Day |
$36,500 |
$109,500 |
$292,000 |
|
$125/Day |
$45,625 |
$136,875 |
$365,000 |
|
$150/Day |
$54,750 |
$164,250 |
$438,000 |
|
$175/Day |
$63,875 |
$191,625 |
$511,000 |
|
$200/Day |
$73,000 |
$219,000 |
$584,000 |
|
* Assisted
living facility costs typically run at 60%-80% of nursing home costs |
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