Here are some interesting statistics:
- 1 out of 2 people in the population will require care after age 65 that won’t be covered by traditional health care or Medicare
- 72% of long term care is at home
- 42% of people receiving long term care are under age 65
- Between 1987-2011, the cost of long term care has averaged a 5.6% annual growth rate. If this grown continues, the $77,000 annual cost will triple in 20 years! (Based on the daily average for 10 hours of home care @ $21/hr)
Oswald Insurance can help you find long term care insurance policies to relieve some of the pressure caused by the high costs of long term care.