Long-Term Care
Will you be a statistic, or will you be prepared?
What would you do if...
- You couldn't bathe, brush your teeth, tie your shoelaces, dress, or feed yourself?
- You couldn’t move from the bed to a chair without help?
- Worse — you couldn't remember how to do these simple tasks?
If you lost the ability to do any 2 such Activities of Daily Living or were medically certified as cognitively impaired for 90 days or longer, you'd qualify for long-term care benefits.
What are your odds?
- 1 out of 5 households "nurses" an adult family member
- 37% of working-age adults age 18 to 64 need custodial (institutional) care
- 1 out of 2 adults over 65 needs custodial care
- Of those 65 and older, 44% already receive custodial care
How will you pay? Do the math...
| Nursing Home Costs in NJ* | ||
| Year | Per Day | Per Year |
| 2006 | $240 | $80,000 |
| 2015 | $434 | $158,410 |
| 2025 | $708 | $258,420 |
| 2040 | $1,350 | $495,000 |
*Sources: Federal LTC Assistance Program, Life Health Advisor, and NJ State Department, 2004-2005. Wexford at Wall assisted living averages $4,200/mo. Waterford Glen’s Alzheimer’s Unit is $8,000/mo. Private skilled at-home care is $25/hr. Private unskilled live-in help averages $700/wk, not including room and meals. |
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Will you rely on Medicaid or other Social Services for help? Or will you be prepared? Click for more information:
- Long-Term Care: Are You Prepared?
- Long-Term Care Insurance Carriers
- Medicaid – Medicare Coverage vs. Long-Term Care Insurance
Call one of our New Jersey Long-Term Care Specialists. We'll help you formulate the right plan for you.