We often write about the staggering cost of long-term care. However, there is a subcategory of this type of care that can be particularly expensive for families: dementia care. A recent study examined this important topic and found that the cost of dementia care often eats up much of a person’s monthly income and quickly [...]
In last week’s blog post, we dug into the important topic of how long the average person might expect to require long-term care services. It’s a complex question, and of course there is no predicting the future, but approximately 70 percent of those who turned 65 in 2020 will require some degree of long-term care [...]
Research has found that somewhere between 50 and 70 percent of people over the age of 65 will require care services at some point, meaning they’ll need assistance with at least a couple of activities of daily living and possibly even a higher level of care. Approximately 20 percent of people receiving such long-term care [...]
Again and again, research finds that most senior adults say they want to remain in their home, at least as long as possible. While there are many reasons for this, cost is a consideration. Many people believe that it will cost less for them to remain in their existing home than to move to a [...]
The total amount of long-term care that older adults require, on average, may be longer than you think when you take into consideration all levels of care.
When researching the cost of assisted living facilities it is important to understand how pricing works.
