For your financial future…and theirs
Long-term care insurance* protects your family from the high cost of long-term nursing home or home health care.
Long-term care insurance basics
Protect yourself from the costs of long-term care
Did you know that health insurance and Medicare don’t pay for the majority of long-term care services? That’s why it might be worth considering purchasing long-term care insurance. The likelihood that a person will need long-term care is significant, and its costs can have a devastating impact on a family’s savings.
What can long-term care insurance do?
- Protect your family from the costs of care
- Preserve retirement and other savings
Everence can help
Contact your Everence representative for more information about long-term-care insurance and pricing options.
You can contact one of our many local offices located across the country or you can contact (800) 348-7468 or info@everence.com.
Costs of care
How much does long-term care cost a family?
Long-term care can be provided in a patient’s home, an assisted living facility or a nursing home. Costs for long-term care are significant. Below are national averages** for several types of care:
| Type | Cost |
|---|---|
| Home health aide | $21 per hour |
| Assisted living facility | $3,293 per month |
| Skilled nursing facility (semi-private room) | $6,235 per month |
Long-term care fast facts
- About 70 percent of people older than 65 will need long-term care services at some point.**
- About 12 million Americans currently need long-term services.**
- Thirty-seven percent of people now receiving long-term care services are between the ages of 18-64.**
- Medicare generally doesn't cover long-term care stays (room and board) in a nursing home.***
Disclosure
* Long term care insurance products are sold through a third party brokerage arrangement
* longtermcare.gov/the basics
** medicare.gov/what-medicare-covers