As we age, the need may arise for more specialized care provided by home health care agencies, private caregivers, and long-term care facilities or nursing homes. Integrity Financial is happy to provide long-term care policies to assist in covering the costs associated with these types of care. A long-term care policy may be needed to assist with activities of daily living such as eating, bathing, dressing, and other needs. Sometimes the need arises from a chronic illness or injury. As of 2021, the average cost for long term care is as follows:
Assisted Living Facilities: $4,500 per month
Private Caregiver or Agency: $4,600 per month
These are just averages and the amounts can increase depending on the level of care. Are you prepared to pay financially for what you may need? Protect the power of choice and make sure you are properly positioned for retirement and beyond. Schedule your Free 15-minute financial consult today.