People age 65+ are expected to need some form of long term care at least once in their lifetime.Will Nursing Care Devour Your Assets?
Studies show 60% of Floridians will require help paying for Custodial Care, Assisted Living and Nursing Home facilities due to a chronic illness or degenerative health condition. Many people don’t realize most Major Medical and Medicare policies do not include coverage for this type of nursing care, typically over an extended period of time.
Consider the hard facts:
- About 70% of people age 65 and over are expected to need some form of long term care at least once in their lifetime.
- A majority of people who reach age 65 are expected to enter a nursing home with an average stay of one year.
- Life expectancy has increased to 18.6 years after age 65 retirement. The longer people live the greater the chance they’ll need help due to a chronic medical condition.
Nursing care costs range from $19/hour to $213/Day.
How will you pay for it?
Home Health Aides