As time goes by it is more and more important to know the facts about your long term care insurance options. That’s because the cost of long term care continues to rise rapidly.
The average cost of nursing home care in the US is currently more than $70,000 per year. While the cost of healthcare is different in areas across the country, in certain areas of the country it can be as high as $100,000 per year. A long-term care event can cost a family hundreds of thousands of dollars.
The truth is the costs can sometimes be worse than that, because a nursing home stay usually only comes after a person has received home health care services for a fairly long time. This means that your resources will very likely have been depleted even before dedicated long term care is needed.
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