Category Archive: Cost of Long Term Care

Indepth discussion and information related to the cost of Long Term Care.

Oct 24

What Does Long-Term Care Cost?

Planning for long-term care is best done with information gathering to make an informed decision. The “deer in headlights” approach doesn’t work.

Continue reading »

Mar 11

The New Directions of LTCI

The New Directions of LTCI (written for Agent Sales Journal, January 2010 issue) Research from McKinsey & Co. finds that the average American family will face a savings gap of $250,000 at the time of retirement. Even with payments from Social Security and pensions, as well as personal savings in 401(k) and other retirement plans, …

Continue reading »

Mar 11

Is CPI Inflation Adequate?

You will definitely want to pick up Prudential’s 2010 Long-Term Care Cost Study, which measures trends in costs associated with the major forms of long-term care services. (See the link to this survey under “What Does Long-Term Care Cost?” on this site.) I’ve seen the cost of care increase an average of 5-6% compounded annually …

Continue reading »