Long Term Care Insurance Alternatives
Should We Worry About Long Term Care Insurance?
Since the aging population of the US is growing, more people are concerned about long term care insurance. 
Though rates vary by age, health, location, etc., the cost of private long term care insurance can range from an average about $900 a year at 50 to almost $6,000 a year for a 75 year old. However, nursing home rates are also rising. Some reports peg the average anual cost of a nursing home at about $50,000 a year. So you can see how a long term stay in a nursing facility could, indeed, deplete a family’s resources rather quickly.
Categories: Long Term Care Insurance Tags: Long Term Care Insurance, ltci, nursing home
