Planning for long-term care in retirement

Although most people will need some type of long-term care (LTC) in their lifetime, fewer than 14% of adults have purchased a LTC plan.1

And, did you know that women are twice as likely as men to file a LTC claim?2
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LTC costs

Chart of recent annual median Long-term Care costs, including Home health aide services ($47,450), adult day care ($24,820), assisted living ($43,536), semi-private nursing home ($82,125) and private nursing home ($92,325).

Paying for LTC

You can make a plan that doesn’t depend entirely on private or government insurance plans. You can use:
  • Personal savings
  • Other assets you may have accumulated
It's a good idea to consult with your financial professional when making LTC decisions.

More life stages

I'm just getting started | I've been saving & investing | I'm about to retire | I'm retired

[1] Long Term Care Study Among U.S. Adults Ages 50 and Older conducted by Harris Poll on behalf of Nationwide from September 13 – 27, 2017 among 1,214 adults ages 50 and older.

[2] Long Term Care Study Among U.S. Adults Ages 50 and Older conducted by Harris Poll on behalf of Nationwide from September 13–27, 2017 among 1,214 adults ages 50 and older.

[3] “Long-Term Care insurance Statistics.” LTC TREE (Aug 16, 2016).