Long Term Care Insurance…By the Numbers

1 in 3 -  The number of workers who will be faced with providing some form of long-term care for their boomer parents.

43%   -  The amount of overall LTC costs paid my Medicaid.

50%   -  The percentage of couples who spend their entire savings within one year of entering a nursing home.

75%   -  The percentage of single people who spend their entire savings within a year of entering a nursing home.

307% - How much the 85 and older segment is expected to grow in the next 45 years.  The general population is expected to grow by only 42%.

$83,000 - The average cost to stay in a U.S. nursing home for one year.

80 million – The number of Americans who will turn 50 over the next 18 years.  That is one person every eight seconds.

$25 billion - The annual cost of lost productivity to companies from LTC responsibilities for their employees (about $4,000 per employee).