Don’t let the cost of long-term care burden you or your loved ones. The need for extended care can quickly drain assets meant for retirement, inheritance, and other goals. The average annual cost of nursing home care is now over $83,000 for a private room. For an average claim of three years, the cost may total over $200,000.
A growing number of people are now including long-term care in their overall financial plan to mitigate the expense of getting the care they need in the event they need it while simultaneously preserving hard-earned savings. Long-term care insurance provides peace of mind knowing that you will receive the care you need when are where you need it—whether it be at home, or an assisted care or skilled nursing facility.
A licensed health care practitioner must certify that the insured is either:
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