Your Long Term Care Risk

Let’s face it, there’s a chance you will never need Long Term Care.  However, a study by the U.S. Department of Health and Human Services indicates that:

People 65 years old face at least a 50% lifetime chance of one day needing nursing home care. -Dept. of Health & Human Services

Only about 10% will stay there five years or longer.

The American population is growing older because modern medicine is keeping us alive longer increasing the odds you will need Long Term Care services.

71% of Long Term Care Insurance Claims are made by women.

America’s elderly population grew 11-fold from 1900 to 1994. (-US Census)

At any given time, 22% of those 85 years old and older are in nursing homes around the country.

Your odds of entering a nursing home and staying for longer periods increase with age.

Long Term Care: Increasingly A Women’s Issue

Since women generally outlive men by about five years, they face a 50% greater likelihood than men of entering a nursing home after age 65.  While older people are more likely to need Long Term Care, the need for Long Term Care can come at any age.

40% of the 13 million people receiving Long Term Care services are between the ages of 18 and 64, according to data from the U.S. Government Accounting Office.

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