Cost of Long-Term Care & Long-Term Care Insurance

Cost of Long-Term Care

The cost of long-term care can be very expensive. Below are the costs of care nationwide according to The MetLife Market Survey of Nursing Home & Assist Living Costs 2007 and The MetLife Market Survey of Adult Day Services and Home Care Costs 2007.

• Nursing Home Care, Private Room - The average cost of nursing home care in 2007 for a private room is $77,745 per year or $213 per day.
• Nursing Home Care, Semiprivate Room - The average cost of nursing home care in 2007 for a semiprivate room is $68,985 per year or $189 per day.
• Home Health Care Aide Services - The 2007 average rate for a home health aide is $19 per hour.
• Homemaker Services - The 2007 average rate for a homemaker is $18 per hour.
• Adult Day Center - The 2007 average rate for an adult day service is $61 a day.
• Assisted Living Facility - The national average in 2007 for a private room and private bath in an assisted living facility is $2,969 per month, reflecting an average annual cost of $35,628.

Cost of Long-Term Care Insurance

The cost of long-term care insurance is not as expensive as many believe; policies and premium rates vary widely depending on your age, health, and the benefits that you choose. Typically a policy can be constructed to meet one's needs and fit into their budget. Just remember that it is more likely that the younger you are when you purchase a policy the cheaper the policy will be. To speak to George Mellendorf or one of his MetLife representatives about pricing, complete the inquiry form.

This advertisement describes MetLife Long-Term Care Insurance coverage which is underwritten by Metropolitan Life Insurance Company ("MetLife"). MetLife LTC Insurance is offered by LTC Solutions, an independent MGA licensed for MetLife. Product features and benefits do vary by state.

This website should be considered an advertisement and not a contract. The sole intent of this website is to gather information from the inquiry request and then contact the consumer to go over their specific needs.