Long Term Care Statistics

Long Term Care Statistics

  • Average life expectancy for a 40-year old: 78.7 years
  • Average life expectancy for a 65-year old: 82.7 years
  • Percentage of those now aged 65 who are expected to survive to age 90: 25%
  • Percentage of those over 85 who need help with activities of daily living: 50%
  • Average annual cost of a nursing home nationwide: $51,000 ($140/day)
  • Average annual cost of a nursing home in urban areas: $73,000 ($200/day)
  • Average length of stay: 2.3 years
  • Percent who stay 5 years or more: 21%
  • Percent of Americans who are expected to need long-tem care: 50%-60%
  • Percentage of Americans who have ever purchased a long-term care policy: 6%
  • Percentage of nursing home residents who exhaust their resources to pay for care: 50%

Sources: U.S. Census Bureau, National Center for Health Statistics, Health Insurance Association of America, and New England Journal of Medicine.

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