Americans spent nearly $160 billion on long-term care services in 2004.[1]

Kaiser Commission

Today, the average nursing home stay can cost more than $50,000 a year. In some regions, it can easily cost twice that amount. [2]

AHIP

Bringing an aide into your home just three times a week (two or three hours per visit) to help with dressing, bathing, preparing meals and similar household chores - can easily cost $1,000 each month or $12,000 per year. [3]

AHIP

Long-term care costs are expected to double by the year 2025 and nearly quadruple by 2050. [4]

United States Senate Special Committee on Aging

37 percent of long term care services being used by people under 65. [5]

Kaiser Commission

Forty-one percent of adults polled indicated they do not think they will have enough money to cover their expenses as they age, and 33 percent are not sure. [6]

Wall Street Journal Online/Harris Interactive Personal Finance Poll

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Online references for more information on disability insurance and the employee benefits industry.

References:
1. Kasier Commission on Medicaid and the uninsured, July 2006, with data from CMS National Health Accounts, 2006. On the web at: http://www.kff.org/medicaid/upload/Medicaid-and-Long-Term-Care-Services-PDF.pdf.
2. AHIP, A Guide to Long-Term Care Insurance, 2004.
3. AHIP, A Guide to Long-Term Care Insurance, 2004.
4. "Medicaid in Crisis: Could Long Term Care Partnerships Be Part of the Solution?" Testimony by Senator Larry Craig, at United States Senate Special Committee on Aging, June 22, 2004. On the web at: http://aging.senate.gov/public/index.cfm?Fuseaction=Hearings.Detail&HearingID=49.
5. Kasier Commission on Medicaid and the uninsured, July 2006, with data from CMS National Health Accounts, 2006.
6. Wall Street Journal Online/Harris Interactive Personal Finance Poll of U.S. Adults, February, 2006. On the Web at: http://www.harrisinteractive.com/news/allnewsbydate.asp?NewsID=1014.

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