People are living much longer nowadays which make them more
vulnerable to conditions or diseases that will require long term care. To give
you an idea, the latest report revealed that 7 out of 10 of Americans who are
65 and above will need long term care at some point of their lives. The cost of care is continuously soaring
nowadays according to the infographic below.
The average daily cost of a private room in a nursing home
increased to $248 and $90,520 annually in 2012. But what’s more alarming is the
fact that as the long term care cost is rising the number of people buying long
term care insurance coverage is decreasing.
Visit this website for more facts and figures on long term
care cost.
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