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Long Term Care Savings Plan Information


Long-term care services help people live as independently and safely as possible when they can no longer perform everyday activities on their own. Long-term care includes a wide range of medical and support services provided over an extended period of time. Long-term care is not limited to seniors.

Long-term care may be temporary or permanent. It all depends upon the underlying reason for the care. Long-term care may be temporary or permanent. It all depends upon the underlying reason for the care. The large majority of long-term care recipients are generally older, however, with a projected seven out of ten people over the age of 65 requiring some form of long-term care services in their lifetime. By the time an individual reaches the age of 75, there’s a 50% chance they’ll need long-term care.


Facts you should know about Long Term Care



52% : Percentage of people turning age 65 who will need some type of long-term care services in their lifetimes.


14% : Percentage of people who will need long-term care for longer than five years.


19% : Percentage of long-term care costs that were paid out of pocket, 2013.


$45,000 : Median annual cost for assisted-living facility, 2017.


$85,775 : Median annual nursing-home cost, semiprivate room, 2017.



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