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News and Views from LTC Connects

Cost of Long Term Care; 10 Most Expensive States in 2015

Posted by Linda Horowitz on May 3, 2015 7:14:26 PM


The cost of long term care has continued to rise leaving many Americans and their families in financial and emotional jeopardy due to their failure to prepare for the risk. In order to create your own long term care plan you will first need to answer the questions: 

  1. How much does care cost?
  2. How will you will pay if you need care?

The answer to the first question will not only depend on the type and length of care but also where you live. The cost for services varies state to state with some rates far above the national averages.

Find out if your state ranks among the top ten most expensive states for long term care.



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Topics: Long Term Care Planning

The Cost Of Long Term Care In 2015; Top 10 Least Expensive States.

Posted by Linda Horowitz on Apr 22, 2015 7:12:00 PM


As a follow-up to last week's post on the cost of care in 2015, let's look the year's ten least expensive long term care markets.

Our numbers are based on the 2015 annual study conducted by Genworth that examines the cost of long term care services nationwide including:

  • Adult day care
  • Licensed home care
  • Assisted living
  • Private room in a nursing home
Keep reading to find out if your state is included in the top ten least expensive states for long term care services.


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Topics: Long Term Care Planning, Cost of LTC

The Cost Of Long Term Care In 2015

Posted by Linda Horowitz on Apr 18, 2015 9:59:53 AM


Those of you reading this blog are likely aware of the high cost of long term care. But did you know that as of 2015, the cost of a private room for one year in a nursing home was about the same as three years of tuition at a private college?

Genworth recently released its annual Cost of Care survey providing information you need to know to plan for long term care including:

  • The cost of long term care in 2015.
  • The percentage increase of service prices over 2014.
  • What you will pay in your state for care.
  • Projections regarding future costs.



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Are You Too Young To Buy Long Term Care Insurance?

Posted by Linda Horowitz on Apr 9, 2015 9:31:02 AM


Over the years, our average client age has noticeably decreased. These days, it is not uncommon to receive a call from someone in the 30-45-year-old range interested in long term care insurance. Often these clients have had personal experience with a loved one needing care, or they simply see the coverage as a logical part of an overall financial strategy. Whatever the case, it is a positive sign to see long term care awareness increasing.

And while we always encourage planning for long term care regardless of age, the question of whether or not that should include purchasing a policy at a relatively young age is one that warrants careful consideration.



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A Look At How Americans Are Planning For Long Term Care And Retirement.

Posted by Linda Horowitz on Apr 3, 2015 9:48:57 AM

Genworth recently released a study titled, Generational Planning that explores American's views on retirement and aging.

Participants' attitudes toward specific topics related to aging were examined including:

  • Health.
  • Retirement contributions.
  • Long term care.

The research and conclusions help explain why so few are adequately preparing for their future health care needs, including the need for long term care. 

The study uncovered some interesting findings and based on those findings, offered helpful solutions to the identified problems.



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Topics: Long Term Care Planning

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