HOW MUCH DO LONG-TERM CARE SERVICES COST?
scroll down

The cost of long-term care varies and depends on several factors, including:

Where you live
WHERE YOU LIVE
Where you receive care
WHERE YOU RECEIVE CARE

(home, nursing home, etc.)

Length of time care is received
LENGTH OF TIME CARE IS RECEIVED
Extra services
EXTRA SERVICES

(based on your specific situation and needs)

AVERAGE COSTS1 Costs for long-term care services will vary, but here are some averages from the U.S. Department of Health and Human Services:
$16,800 $16,800Adult day care center (5 days/week)
$30,240 $30,240Homemaker services (4 hours/day)
$31,680 $31,680Home health aide (4 hours/day)
$45,000 $45,000One-bedroom assisted living
$84,600 $84,600Semi-private nursing home room
$96,120 $96,120Private nursing home room

Why should I plan ahead for long-term care?

FIND OUT

How do I know if I need long-term care services?

FIND OUT


 

The content on this page is not intended for use in: CT, FL, ID, IL, KS, LA, MA, MO, NV, NH, NM, ND, NY, OK, OR, TX, VT.


1IRI Retirement Fact Book 2018. Costs are based on 12, 30‐day monthly periods.

This is a solicitation of an annuity contract with a long-term care insurance benefit by Forethought Life Insurance Company and an agent/insurance producer may contact you.

Annuities are issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana.

This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. This information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your tax or legal counsel for advice.

Taxable distributions (including certain deemed distributions) are subject to ordinary income taxes, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty. Distributions received from a non-qualified contract before the Annuity Commencement Date are taxable to the extent of the income on the contract. Payments from IRAs are taxable in accordance with the normal rules surrounding taxation of payments from an IRA. Early surrender charges may also apply. Withdrawals will reduce the death benefit and any optional guaranteed amounts in an amount more than the actual withdrawal.

Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Forethought Life Insurance Company and Accordia Life and Annuity Company. Each subsidiary is responsible for its own financial and contractual obligations.

Not a bank deposit. Not FDIC/NCUA Insured. Not insured by any federal government agency. No bank guarantee. May lose value. Not a condition of any banking activity.

HA5146

2142186.1 (01-19)