Free Retirement Classes. What You Need To Know To Retire Successfully
What is Long-Term Care?
Who Needs Care?
How Much Care Will You Need?
Who Will Provide Your Care?
Where Can You Receive Care?
Who Pays for Long-Term Care?
Questions about long-term care?
When most people think of long–term care for the elderly, they think of nursing homes. But it can involve much more than that.
How Much Long-Term Care Will You Need?
The duration and level of long-term care will vary from person to person and often change over time. Here are some statistics (all are “on average”) you should consider:
- Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years
- Women need care longer (3.7 years) than men (2.2 years)
- One-third of today’s 65 year-olds may never need long-term care support, but 20 percent will need it for longer than 5 years
The table below shows that, overall, more people use long-term care services at home (and for longer) than in facilities.
Distribution and duration of long-term care services
|Type of care||Average number of years people use this type of care||Percent of people who use this type of care (%)|
|Any Services||3 years||69|
|Unpaid care only||1 year||59|
|Paid care||Less than 1 year||42|
|Any care at home||2 years||65|
|Nursing facilities||1 year||35|
|Assisted living||Less than 1 year||13|
|Any care in facilities||1 year||37|