TMIB Blog

Long Term Care Facts to Consider

Posted on: 02-22-2013

Long Term Care InsuranceLong Term Care Statistics:

  • 70% of people age 65 or older will need long term care services at some point in their lifetime which could result in significant unplanned expenses. As an example, assuming the average stay in a nursing home is three years, costs can easily surpass $240,000.
  • Medicare only pays for up to 100 days of care in a skilled nursing facility per benefit period
  • Annual costs for a Nursing Home in California range from $55,480-$164,250, depending on the type of facility

Are you prepared for Long Term Care Expenses?

Call TMIB at 310-828-9662 to speak to one of our knowledgeable brokers to discuss various options for long term care insurance.

The information provided in our blogs are very brief overviews that do not provide complete descriptions of any coverage described nor do they list all of the important factors one should evaluate before deciding on a policy. Please speak to your broker at TMIB about your specific insurance needs and for more detailed information about types of coverage.