• There is a 1 in 2 risk or 50% chance that you may spend some time in a nursing home, according to the Centers for Medicare and Medicaid Services. (1)

• Of those currently receiving care, 37% are between the ages of 18 and 64. (2)

• Of individuals who reach age 65, 72% will require some form of home care, adult day care, assisted living, or long term care within a facility, according to a study prepared for the New York State Legislature and presented in 2005. (3)

You most likely have auto, homeowner’s, or renter’s insurance and disability protection, yet the probability of encountering significant long term care expenses is greater than all of these.

(1) Who Buys Long Term Care Insurance? 1994-1995 Profiles and Innovations in a Dynamic Market, Health Insurance Association of America/Life Plans, Inc. (re-confirmed with LifePlans, Inc. February, 2006).
( 2) Who Needs Long Term Care?, Georgetown University Long Term Care Financing Project Fact Sheet, May 2003.
(3) Who Pays, How Much? Long Term Care: Knowing The Risk, Paying The Price. Health Insurance Association of America, 1997