For American’s looking forward to financial independence, the risk of Long Term Care (LTC) continues to represent the biggest risk to their financial independence. Look around you, and you will find either family members or friends with family where LTC has changed the dynamics of those impacted, and their loved ones.
To give some insight on the cost of this risk, I have access to an excellent resource that can provide costs of various long term care services, by submarket (ex. San Fran, Stockton, Amarillo TX, etc.). This is anywhere in the country, the info is real time, and the output can provide a breakdown of costs for
Skilled Nursing – Daily Averages
- Semi-Private Rooms
- Private Rooms
Home Health Care – Hourly Wages
- Home Health Aid
- Licensed Nurse
- Registered Nurse
Assisted Living Facility – Monthly Averages
- Studio Apartment
- 1-Bedroom Apartment
- 2-Bedroom Apartment
Big picture, the photo is a heat map of overall long term care costs. But like I said, I have access to this information by sub market. My office is also available to help with discussions on long term care (the risk, and insurance), life insurance, disability income replacement, and advanced estate planning. Please let us know if we can help.