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How Much Will LTC Cost Me?
LTC costs are already significant—and are rapidly increasing. The chart below shows how much an average stay at a nursing home could cost you.
| A Look into Your Future |
| If you are: |
You may need at least this amount to cover the total cost of an average nursing home stay, beginning at age 80*: |
| 30 |
$1,951,751 |
| 40 |
$1,198,206 |
| 50 |
$735,595 |
| 60 |
$451,591 |
| 65 |
$353,834 |
*This chart estimates the cost of an average nursing home stay of 2.3 years, at the national average annual rate of $74,000, compounded at 5% annually up to age 80, based on 2006 average length of stay.
For a more specific idea of LTC costs, view current LTC costs in your area.
Most Americans cannot afford these costs. Even for those with more disposable income, LTC costs can be financially draining—especially if two family members require LTC at the same time.
How can you plan to cover LTC costs while minimizing financial strain? Find out about LTC funding options. |
