$105,120/year
Average annual cost in a CA nursing home
70% of people over age 65
Will eventually need some type of long-term care
$57 Billion of LTC Costs
Were financed out-of-pocket in 2016
35% more care hours
Received by individuals with LTCi
42% of people receiving LTC
Are under the age of 65
51.5% of new LTCi Claims
Were for home care in 2018
Sources (from the top, left to right): 1. 2019 Annual Cost of Care Study; Long-Term Care Group; 2019 | 2. Medicare & You 2015; Official US Government Medicare Handbook; 2015 | 3. Congressional Research Service "Who Pays for Long-Term Services and Supports"; 2018
4. 2015-2016 LTCi Sourcebook; American Association for LTCi; 2016 | 5. Long-Term Care Frequently Asked Questions; National Conference of State Legislatures; 2016 | 6. American Association for Long-Term Care Insurance, January 2019