Long Term Care Statistics

Interesting Long Term Care Statistics

  • The 2006 average daily rate for a private room in a nursing home is $206 ($75,190 annually), a 6.8% increase from the 2004 rate of $192 per day. (Met Life Market Survey, 2006)
  • In 2000, the annual cost estimates for adult day care were $13,000 and $25,300 for assisted living. (Stucki, B.R., and J. Mulver, Washington, DC: American Council of Life Insurers, 2000)
  • By 2030, many retirees will not have enough income and assets to cover basic expenditures or any expenses related to a nursing home stay or service from a home health provider. (VanDerhei, J., and C. Copeland. Can America Afford Tomorrow’s Retirees: Results from the EBRI-ERF Retirement Security Projection Model [Issue Brief#263]. Washington, DC: Employee Benefit Research Institute, 2003.) More than half of the US population will require long term care at some point in their lives. (Americans for Long-Term Care Security, www.ltcweb.org, August 2000)
  • One out of five Americans over the age of 50 is at risk of needing long term care in the next 12 months (Americans for Long-Term Care Security, www.ltcweb.org, August 2000)
  • For couples 65 and over, there is a 75% likelihood that one partner will need long term care. (The Wall Street Journal, June 2000)
  • 60% of people over age 75 will need long term care and need care for approximately 3 years (Business Week)