It’s About Care, Not Where

It’s Long-Term Care Insurance Awareness Month. Stop! Before you come to the rash conclusion that “It’s nursing home insurance for old people. I don’t need that!” please just spend two minutes with this video. (And know that 80% of people who need care get it in their home!)

Here is some additional information about long-term care and long-term care insurance that you may not know. These facts are “tweetable,” meaning you can simply click on them and they’ll generate your tweet for you. Spread the word!

70% of people age 65+ will need some type of long-term care services during their lifetime. http://lifehap.pn/1BqLq9Y #LTCI
(Source: U.S. Department of Health and Human Services)

52% are concerned about paying for long-term care services, but only 13% own long-term care insurance. http://lifehap.pn/1BqLq9Y #LTCI
(Source: 2014 Insurance Barometer Study, Life Happens and LIMRA)

80% of people who rely on care as they age get that care at home. http://lifehap.pn/1BqLq9Y #LTCI
(Source: Congressional Budget Office, Rising Demand for Long-Term Services and Supports for Elderly People, June 2013)

53% of Americans age 40+ have provided long-term care services regularly to a family member or friend. http://lifehap.pn/1BqLq9Y #LTCI
(Source: The AP-NORC Center for Public Affairs Research, 2014)

25% of adult children, mainly Baby Boomers, provide personal care and/or financial assistance to a parent. http://lifehap.pn/1BqLq9Y #LTCI
(Source: MetLife Study of Caregiving Costs to Working Caregivers, 2011)

The avg. long-term caregiver is a woman, 49, who works & spends 20 hours/week caring for her mom for 5+ yrs. http://lifehap.pn/1BqLq9Y #LTCI
(Source: National Alliance for Caregiving and AARP, Caregiving in the U.S., 2009)

7 in 10 caregivers report making work accommodations because of caregiving responsibilities. http://lifehap.pn/1BqLq9Y #LTCI
(Source: National Alliance for Caregiving and AARP, Caregiving in the U.S., 2009)

Primary caregivers spend $8k on care/services for a loved one, putting their own finances at risk. http://lifehap.pn/1BqLq9Y #LTCI
(Source: Beyond Dollars 2013, Genworth)

Those who work & provide caregiving for a loved one have more health issues than those who aren’t caregivers. http://lifehap.pn/1BqLq9Y #LTCI
(Source: Gallup-Healthways Well-Being Index, 2010)

$87,600 = median cost for private nursing home room in 2014. http://lifehap.pn/1BqLq9Y #LTCI
(Source: Genworth 2014 Cost of Care Survey)

  1. Very well put. Too many people think it’s only for the elderly. NOT TRUE. Anyone can have a stroke, bad car accident or fall.

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