Long-Term Care is something none of us actually want (just being honest).
By contrast, "Happy Happy Happy Dead" sounds pretty good right?
Simple is what we want, but sometimes life serves up some unexpected healthcare twists which can be complicated and financially burdensome if we do not plan for them.
70% of adults aged 65 years and older will require long-term care at some point.
Medicaid only covers 42% of America’s long-term care costs.
Americans spend $475 billion annually on long-term care.
Private sources accounted for 28% of LTC spending in 2020 (out-of-pocket spending, private insurance, and other sources).
The average length of stay in long-term care is 3.2 years. Just over 20% of residents will require care for 5 years or longer.
38% of residents in long-term care facilities are 65 to 84 years old.
This is a complicated topic. Access our complimentary LTC brochure here to learn more, then reach out to us to make a plan.
Want to take the risk of being a burden to others?