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Do You Have the Right Long-Term Care Plan for Your Future?

With Independence Day coming up, have you been thinking about what your own independence looks like as you get older? If so, you should consider exploring long-term care planning with Kitzke & Canfield LLC. Our experienced lawyers know that long-term care can be expensive, which is why you need to start planning for your future as soon as possible.

People often assume that that long-term care insurance is just nursing home insurance for the elderly. But in actuality, close to 80% of people receive long term care in their own home. If you are in a serious accident or develop a serious illness that prevents you from caring for yourself, you are going to need a long-term care policy that covers the high-quality care you need in a setting where you feel comfortable.

Long Term Care Facts You Should Consider

According to Life Happens, a nonprofit organization, the following are important facts that every person should consider when deciding their long-term care plans:

  • 70% of Americans over the age of 65 will need long-term care at some point in their lives.
  • Women tend to outlive men by 5 years and are more likely to live alone in the later years of their life. According to studies, women (3.7 years) tend to need long-term care longer than men (2.2 years) do.
  • 20% of Americans who are age 65 today will need long-term care support for 5 or more years of their life.
  • On average, the cost of an assisted living facility is $123/day or $3,750/month.
  • Private room nursing home care costs an average of $267/day or $8,121/month.
  • Semi-private room nursing home care costs an average of $235/day or $7,148/month.
  • The average cost of adult day health care services is $70/day.
  • On average, the cost of a home health aide service is $21.50/hour.

If you are ready to get started planning for your long-term care expenses, you need to get in touch with our legal team at Kitzke & Canfield LLC to discuss your situation so we can help make sure you are covered when you need it most.

Call (262) 387-0706 today to schedule your consultation with a member of our law firm.