The Cost of Long Term Care
In 2004 the U.S. national average cost for long term care was $169 per day for a semi-private room or $61,685 annually ($192 per day for a private room/$70,080 annually). Long Term Care insurance helps cover the cost of long term care and its benefits are not just for the elderly. The average hourly rate for a Home Health Aide was $18. For a more accurate estimate of long term care in your area see "Nursing Home Costs by State As of March 2008".
Long Term Care Services may include: help with activities of daily living (or custodial care), home health care, respite care, hospice care, adult day care, care in a nursing home, and care in an assisted living facility.
Sample Long Term Care Policy Rates Currently Available
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Company 1: $130 per day 70% home care 90 day elimination period 2 year benefit period No other riders |
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